0:03 Welcome back. So, today was another
0:06 brutal sell-off day. Uh, Bitcoin is
0:08 sitting right around 86,000 as I'm
0:11 recording this and alt took another dump
0:15 today. So, what happened today? And is
0:18 there any light at the end of the
0:21 tunnel? Are we going to flip back above
0:25 anytime soon? We have two weeks left of
0:29 this month. Do we have a chance?
0:31 Let's look at it. So, first things
0:33 first, looking at Bitcoin, it's right
0:35 above $86,000.
0:39 Now, according to some analysts,
0:43 this is right around, you know, a
0:45 support level. If this breaks, then we
0:48 could possibly go to 80 or 82. But right
0:50 now, we are holding and we're slightly
0:52 below another
0:54 support line, which is about 87,000,
0:58 right? And this happened immediately
1:01 upon opening today after Wall Street
1:05 opened. Basically the dumping started.
1:09 Okay. And overall if you look US market today
1:10 today
1:14 yeah it's just look at NASDAQ not good.
1:19 Right now people are rotating okay from
1:22 risk on assets to risk off assets. And
1:25 it's not just crypto. AI, a lot of you
1:28 guys know AI plays have been selling off
1:32 like crazy. So, Wall Street right now is
1:34 just very panicked right now. Just like
1:38 retail investors, we see a lot of
1:41 dumping again. Risk on assets being sold
1:44 for risk off assets. And that's exactly
1:48 what's happening. And even though we do
1:51 have giant whales like Sailor that is buying
1:53 buying
1:56 it seems like billions every week, it's
2:00 being offset by Wall Street and Wall
2:03 Street Wales that's been unloading
2:07 2.7 billion in Bitcoin unloading and
2:10 it's overshadowing the buying from
2:14 retail and from strategy and others.
2:17 Right. Right now there's just so much panic.
2:19 panic.
2:24 But will this come to an end? Do we have
2:27 anything going for us? Well, tomorrow we
2:30 do have a big jobs report that could
2:33 certainly turn things around. If the
2:36 jobs report come in lower than
2:38 expectations and showing that the
2:42 economy is doing worse than expected,
2:44 that could actually drive us up because
2:47 right now there's not a lot of hope for
2:51 a rate cut in January or many rate cuts
2:54 in 2026. But tomorrow's jobs number can
2:57 definitely turn things around in a big
3:00 way if it comes out to be pretty
3:03 horrendous. So we do have that to look
3:06 forward to and also we do have inflation
3:09 reading on Friday. But I found something
3:12 that is quite interesting that shows
3:16 that tomorrow could be the start of the
3:18 turnaround. Anyways,
3:21 look at this. December bottoms on
3:24 average right now going all the way back
3:27 to 1950
3:31 and going all the way back to 2024. So,
3:36 how what is that? That's almost 74 years
3:40 of data compiled average together. Guess what?
3:42 what?
3:48 Where does it bottom? the 15th today,
3:50 right? And you kind of look at it, you
3:52 know, our current trajectory is similar
3:55 because usually it shows that it tops
3:57 out about the eighth, right? We topped
4:02 out maybe the 10th this time, but so are
4:04 we going to see that? See, this is what
4:07 happens afterwards. Look at that. After
4:10 you get that slight local bottom, you
4:15 rally until the new year.
4:17 So, if you're looking for some opium,
4:20 this is it. This is what I could find.
4:23 And this is a good one because it shows
4:25 74 years.
4:29 Okay, 74 years averaged together. That's
4:33 about as much data as you can get,
4:35 right? So, tomorrow we have the jobs
4:38 report. And if that turns out to be bad
4:41 and chances of a rate cut goes up in
4:43 January, we can certainly flip around
4:46 and we know the market is so oversold.
4:50 Bitcoin is oversold, cryptos oversold,
4:52 AI now is oversold,
4:56 okay, cryptoreated stocks oversold,
4:59 trading platforms oversold, basically
5:02 even big tech oversold. So, we can
5:07 certainly turn around in a big way,
5:10 right? Let's not forget, I know it may
5:13 be a moot point, but let's not forget
5:16 that the fundamentals
5:18 are still good.
5:21 Case in point,
5:23 uh what's going on with regulations,
5:26 right? We have the genius bill. We're
5:28 going to have the clarity bill. the SEC
5:31 have eased up really I think it's more
5:34 than 60%. Nothing is really considered
5:37 security anymore, right? And SEC is
5:40 allowing so many things to come back to
5:44 the US like staking for example, DeFi,
5:46 self-custody wallets. Those things were
5:48 all considered
5:51 securities by the previous SEC chair.
5:53 Not anymore. Mains are nonsecurities as
5:56 well, right?
6:00 and you have a whole bunch of ETFs now
6:02 coming to market all because of the
6:06 eased up, you know, stance from the SEC.
6:09 Same thing with CFTC.
6:11 So, this is part of the fundamentals.
6:15 It's so much better now, right, for
6:17 crypto. And even though macro conditions
6:21 is scaring people right now, but if you
6:23 think about it, we're in a much better
6:26 situation now than ever. And if the
6:30 money flows back in and we turn around,
6:32 just imagine how good the run is going
6:34 to be.
6:37 Okay, so that's the only thing I could
6:39 say right now, guys. A lot of people are
6:41 super depressed. I could tell looking at
6:43 my video this morning, a lot of people
6:45 didn't like my bullish stand. didn't
6:49 like my title, just doesn't like to stay
6:51 positive. But I remain positive even
6:54 though I don't like seeing the charts go
6:56 down. I don't like to see Bitcoin at
7:00 86,000, nor do I like to see soul at 126.
7:06 I don't think anyone does, right? But I
7:08 know we will turn around. It's a matter
7:11 of when, not if. and with the great
7:14 fundamentals and charts that are saying
7:18 that we are at a bottom. We're at as
7:22 fearful as bottoms of crypto winter. We
7:25 are seeing capitulation like bottoms of
7:27 crypto winter.
7:28 And there's so many other metrics that
7:31 show we are equivalent and as oversold
7:35 as bottoms of crypto winter. I know we
7:37 will turn around. We may have to wait
7:41 longer than expected, but I'm staying
7:43 put. I'm not going anywhere. And
7:46 hopefully most of you guys are also
7:48 staying put. I know it's a rough patch
7:51 right now. It sucks. We have seen this
7:54 before, though. And we will get through
7:55 it together. So, stay strong, my
7:57 friends. I'll see you guys tomorrow,
7:59 8:30 a.m. Central Standard Time. All
8:02 right, have a good one. Take care. Bye-bye.
