BITCOIN - THIS WEEK! RISKS THAT WILL IMPACT YOUR BITCOIN!

0:00 Okay, let's talk about Bitcoin this week. Coming up, there are some risks ahead of us. There is a couple of key events more on the macro financial stage we need to talk about that can and will and is going to impact your Bitcoin. Uh, so this is Bitcoin news for you and want to cover everything for you. So, if you're new to me, my name is Austin. I cover Bitcoin every single day as well as XRP, other major cryptos out there. So, if you think about it and you would are inclined to give me a like and a subscribe here on YouTube. And if you're watching this on X, please give me a follow. I greatly appreciate it. Also, stick to the end of the video because I got a way to show you how you're going to make you can make even more money with Bitcoin and uh doing some copy trading that is pretty pretty impressive and I'll share that with you here and as well in a few moments. Okay. So, what

0:46 we've got playing out right now is Bitcoin at 105,000. Okay. So there is some short-term risk uh as we roll into the next couple of weeks. Uh obviously today is June 1st. As we roll into the remainder of kind of June uh and maybe even to July, we could have some downside risk uh if we see u some larger volatility risk factors unfold. Uh your kind of number you need to be aware of is 94,000. That could be where we see things bottom as we roll into the next six, seven weeks. Now, that actually is not the lead story here, but I wanted to make you aware of that so that you you kind of have that number in your head. You're like, "Okay, that could be my downside risk or maybe an an a eyeing a potential place to buy in and buy some

1:32 additional Bitcoin at those levels." Okay, so talking about kind of what we've got playing out this week, we are going to be getting this week the May jobs report, which uh all eyes will be on that. Wall Street as well as you know major uh you know attention from the crypto side of the street as well. So depending upon what we got playing out there also we've got you know the the the inflation rate right now that the Fed watches is right around that two 2.1% give or take. Uh and that's right in the in the line of where we could finally start to see maybe some some quantitative easing easing coming. I always I always want to say easing and it's not easing coming from the Federal Reserve. That's really not on tap this

2:17 week, but I wanted to give you that as an additional that's something that's out there as well. It's one of those major uh things that it that is part of the mix. And then beyond that, it's whether or not we're going to get any movement on Trump uh President Trump and the tariffs specifically having to do with China. I'm sure you know by now, but uh you know, we had the uh the United States side is accusing China of not following through on the the the tariff deal that they both put together. Uh supposedly China is uh not allowing some rare mineral earth uh minerals, earth minerals to be part of the deal. There's a whole thing. I don't know. It's it's kind of a you know vice versa deal here playing out. But bottom line

3:04 that coupled with the fact that earlier this week we had the US trade court put a temporary pause on President Trump's tariffs. That was a out of left field thing and then President Trump's team appealed it a day later reinstated the tariffs. So we have this uncertainty but again I think this is really it. The back and forth illustrates why investors remain concerned about trade policy and they are uncertain about it. And that uncertainty is 100% impacting crypto. Now, it's not impacting crypto and and from the standpoint of running it down and sending it, you know, sending us down four, five, six, 7%. Although the crypto uh market cap has 100% moved down uh as

3:53 of recent you know like just about seven eight days ago we were at 3.4 3.5 trillion. So, we've lost 200 plus billion in market capitalization all because of everything I've just said specifically mostly around the tariffs and China and and that playing out. Okay. And so this week specifically, what we've got to keep an eye on is that May jobs report. Keep an eye on obviously what if anything plays out with tariffs. Uh, and then on a more positive note here, again, I agree with Michael, decisive week coming up because of what I've just shared with you. Obviously, PMI and unemployment data, okay, we we've talked about that a lot of volatility, but we're going to end

4:39 with this discussion. If it does break 106,000, the big part is about to happen. Michael Vanderope is definitely one of those analysts that I tend to definitely pay attention to over on X. So, yeah, that's one that we'll see how that plays out. So again, a lot of volatility in play for us this week. Okay, before I let you go, two things. Number one, if you want help making even more money trading crypto, you need to to check out my trading indicator. There's a link in the description below. It's at an all-time low price. I've actually lowered the price a little bit because I'm probably going to be raising it. I'm putting into place, having built right now a major major investor trading strategy group. Uh that's going to be insane. It's going to be amazing. It's not in place yet. Uh when I do launch that, probably going to raise the price a little bit. So, anybody who's using

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