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[Music] Hello friends, I hope you are well, that you are in good shape, that you are full of energy. Very happy to reconnect with you for this Bitcoin journal this Saturday, November 8, 2025. So, the energy, it's clear we'll come back to it later, but hey, we'll take what we can. At worst, we'll make some fries, that will lift our spirits. So, for now, the crypto market is splitting into two levels. Those who don't have Bitcoin and only have altcoins, and unfortunately, courage to you because there are altcoins, oh my, oh my, oh my, that have revisited their 2000, 2021, 2022 levels, it's catastrophic unfortunately. And then there are those who have put a bit more Bitcoin in their portfolio and for now, who are paying less. Well, here the crypto market is slightly green because yesterday, you see, yesterday Friday afternoon until the evening, it pushed a bit, but now on Saturday, unfortunately, we are in a little red. So, on Thursday, we were happy, we said "Oh cool, after the ETFs, after having a red Monday, a chaotic Tuesday with over 500 million dollars of Bitcoin sold to Bitcoin ETFs. Then a selling Wednesday, we said 'Hey, Thursday, 239 million bought, that's great.'" and yesterday, half a billion sold. So for now, the ETFs, we don't really want days with 500 million dollars in sales, you know, because these are not days we're going to like. What's funny is that they sold 500 million, but in the end, Friday was absorbed quite well because Bitcoin turned a bit green. Ethereum too, it's less violent selling than Bitcoin, sure, but for now, it's not good. We see it, the atmosphere is not good, the mood is not good, the crypto market is in extreme fear. Remember, we were well in the green, we were all good, young, healthy, our portfolios in the green, you know. And now, straight into extreme fear, we're in "Oh my god, why did I get into the crypto market" mode. But it's always like that. It's the same old song. The crypto market, you arrive, they open the doors for you, it's a violin, you know. You're dancing the waltz with beautiful ladies in beautiful princess dresses, you say "Oh my, the crypto market is magnificent, magnificent." And then all of a sudden, when you think that now they are shouting 5, 4, 3, 2, 1, you think something great is going to happen because you see a room with a banquet, beautiful women, and everything in dresses and everything, and suddenly the music stops, poof, the sound too, you say "Well, we can't see anything anymore, it's dark." And then boom, the lights come on and the women have all turned into disgusting zombies with flesh falling off, a bit like that, you see, and you're in a big panic. So, you see, one second you were in total euphoria where you said "Wow, I want to live my life here, we ate as much as we wanted, it's beautiful, there are beautiful women, it's magnificent and everything," and suddenly you transition and zombies want to eat you, you think you're going to die. That's pretty much the crypto market. And so, what should we expect now? We should avoid the zombies a bit, you see, especially the female zombies. Beware of the female zombies, and let the lights go out and then the lights come back on, you'll see, they'll all be in princess dresses. Oh, welcome to the crypto market where it's a roller coaster. The problem is when everyone is mega euphoric. You have it, you think it's going to be fireworks, crazy fireworks, and then, poof, the music stops and it's a horde of zombies that's going to eat you. Some will stay, they will get eaten. In fact, we have many who have already been eaten right now. Those who will try to avoid the zombies are especially those who have a robust portfolio with Bitcoin. Bitcoin is a bit like the armor you manage to put on, you see. It allows you to protect yourself from the zombies during the order, and those who are full altcoin are on the ground being eaten, and you with a bit of Bitcoin, you have a bit of a shield to help you until the horror music ends and then it starts again with beautiful music and everyone is good, you see. Well, I don't know why I did this intro, but you got the idea? In any case, big up to those who are being eaten by the zombies because they are full altcoin, they are getting smashed, you see. Anyway, so today, altcoins, but tell me in the comments if you liked my intro or not, or if I should stop doing them altogether. Well, altcoins today, a small red candle being held back by the Tincan. Basically, well, nothing is happening. So, what's good is that nothing is happening, which means the bears are starting to lose a bit of momentum. Well, that's good. That means the bears have calmed down, the altcoins have still gone to seek the oversold zone. So they have taken a good hit already, you see. So that's good. What we also like is that, as here, the candles have re-entered the Bollinger bands, you see, which are there. Well, that's good news. Of course, if you have the nuclear red candle that blows up the lower Bollinger band at 650 billion, it's a candle like that, but it's off to hell. But as long as the candles stay here between the two Bollinger bands, it will be rather good. It avoids everyone getting smashed on the ground. So, thanks to, you see, Thursday, Friday, and even today, we are re-integrating a little. What would be good is to cross the 200 moving average and the Kijun here. Then it would really start to be good. And to resume a slight downward trend, you have to break this upper band at 806 billion. That means altcoins will have to make a small +20%. So, the bulls will have to be a bit angry. So, that's good because the bears, they are tired. The bulls will come back, but if they come back with such weak momentum, it won't help us. After all, there are still bullish divergences appearing, you see, for about 3 weeks. So at some point, it will help the price. We are still in the large channel here. Now, there are two solutions. The first, rather bullish, is that here the altcoins offer a contracting flat. And so, it would simply mean that we have A doing this, B doing this, C doing this, and boom, it's back on. That's all, simple, you see. Second scenario, unfortunately, no, it's a regular flat with here you have A, you have B, and unfortunately C will go to hell, and so hell is not over. So for that, you have to keep tightening your leverage, or whatever, even if it's already quite tight, you see. So, well, if we look at Bitcoin, it's been stagnating since about Tuesday, so that's rather good news. What we don't want is for it to explode the upper Bollinger band at 100,500. A red candle that does this, that explodes the 100,500, that's the descent to 91,900 to go look for the gap. So, unfortunately, we will have that if it explodes my Bollinger band. Now the bears are starting to get tired. Well, rather good news, we'll see if the bulls will come back with momentum or not. If they come back with energy like this. Well, it's no use, you see. It's like someone who shakes your hand sometimes. His hand is all weak. If the bulls are like that, it's not good. If the bulls at Charzy shake your hand and crush your hand, you say "Ah yes, yes, they are angry, that's good, that's what we'd like, you see." Well, and at the structural level, well, he has finished his structure at any moment because it's already finished since he broke around 103,000. So we have A, B, C here. So, can it finish now? Can it push? Yes, but can it continue to nibble, nibble, nibble up to 41,970? It remains possible, especially if it continues to draw a small bullish channel, bam, that will be the descent, unfortunately. So if we look at the liquidation clusters, we can see that here there are about zombies, you know, they have almost 4 billion to eat around 94,500, you see. Well, of course, there's more to eat to the north, sorry, I'll put it back, there's more to eat to the north, there's about 8.5 billion if, for example, we go to 121,000 and more if it goes higher. Well, will the market want to nibble a bit towards 96,000? But well, if it does that, it will go to 92,000, you see. If it starts to nibble, nibble, nibble at 96, well, there's a chance it will go to 92, unfortunately, you see. So be careful, there's something to eat to the south, even if there's more to the north. Basically, the best structures, as I told you in recent days, are a slowdown, a zigzag like this where it nibbles, it nibbles slowly, it takes its time, you know, like this. To the north, it has plenty of time for many shorts to open, you see, you'll have even bigger spikes of shorts, and when it finishes quietly here, well, it makes the bulls capitulate, those who go up, well, boom, it will deal with a nuclear short squeeze of shorts. That's what we have to wait for, simply. And so, beware of the gap at 8890. Regarding Ethereum, it's a bit like Bitcoin, you see, quietly, it's dragging a bit. However, it's dragging on a bullish channel. We don't like that too much. It's like Bitcoin, it's dragging a bit on itself on a contracting channel, but well, when it drags like that, not too much, you see, it's not the most bullish structure. So that's not great. If it continues to drag like that, it always increases the probabilities of falling to go look for the gap at $2853. So, what's good is that Ethereum has hit its oversold zone once, its oversold zone twice. At some point, it will clearly create a bottom. However, as I tell you every day, a good bottom can take a week, 2 weeks, 3 weeks, you know. It takes time to bottom out in the oversold zone, it's good, I'm going to the moon, it's not ping pong, it's not ping pong, oversold zone, overbought zone. Well, so for now, the bulls are getting a bit tired. Ethereum too, it can finish its structure at any moment, but now it's starting to draw a small bullish channel, we don't like that too much, you see. Bam! It could continue. So for now, unfortunately, the small structure that Bitcoin and Ethereum are offering us is rather a structure to go a bit lower, you see. So there are chances, we'll have to brace ourselves a bit more because this is not very, very pretty. So, how far can it go? Well, as I told you, it can go towards 94,000. Ethereum, it can go towards 3000, you see, it has about 2.5 billion to go. However, if it goes to 3000, well, there's a high probability that it will go to 2853, its gap. As I told you, if Bitcoin goes to look for 94,000, well, it will look for its gap at 92. If Ethereum goes to 3000, to eat all that below, well, it will go to 2853. Well, Solana. Solana has its gap at $121. Like Ethereum, it's drawing here. Well, it's more like Bitcoin. It's doing a contracting channel, you see, for now. Although, although it's funny because here Ah no, no, it's okay. No, it's okay. It's a small regular channel here like Ethereum. So Bitcoin is the only one contracting a bit. But beware, contracting or regular, it's the same. The continuation is more likely, unfortunately, to fall. So for now, we have impulse, correction. As long as it stays on a channel like this, it will be a continuation. So like Bitcoin and Ethereum, not very, very pretty, these kinds of structures. You see Solana has hit its oversold zone, but it has the right to hit it again, hit it again, hit it again. That's where I would draw a little bit, I would draw a little bottom. However, what if the little bottom doesn't want to be drawn at 121? Well, that remains very possible. So Bitcoin at 92, Ethereum at 1800, Solana at $121. In terms of liquidations, we see that there is something to eat up to 139, even a bit lower. There is about 400 million, of course, there is much more to the north. So that's good news, and if Solana starts to break this and go look for 139 or even lower, it will go to 120, you know. It's like its peers, unfortunately. And to finish, XRP, which is doing pretty much the same thing here, a small contracting channel. It's more like Bitcoin, but it's the same, generally speaking, when you fall and then you do something that contracts or a regular channel that doesn't contract, we don't care. The continuation is more likely, unfortunately, to fall. So for now, that's what Bitcoin, Ethereum, Solana, and XRP are offering. So we have to assume, unfortunately, that next week might not be great, you know. Yes, unfortunately, we are not surprised, a bottom takes time to form, you know. It has to test again, test again, test again until people don't want to sell anymore or until it finds support with large buy orders that sustain it. You see the bears are starting to lose momentum, that's good news. Will the bulls really come back very weakly to just perhaps make one last pump and then boom, it falls, or will the bulls come back? They will do nothing at all and then it will fall directly. Well, so for now, we are patient, even if it's not too, too great, and for XRP it's the same, it has liquidities to seek up to $2. It doesn't have a gap, it has already eaten its gap, XRP, so it has no more gap. So if it falls, well, it will follow the market, simply. It will go eat at $2, or even much lower. And like its peers, there is much more to eat to the north. So unfortunately, for now, the short-term structure, okay, it's not the long-term structure, oh my god, we're going to $50,000. The small structure that is there tells us there is more probability of falling. To remove these probabilities, it would have to transform into a bearish channel like this. Pom pom, that would smell good. That would be more probable afterwards to turn around. But as long as it stays on a clean channel like this, the continuation will be the descent. And unfortunately, this guy, we have to be wary of him, we almost have to act as if we were going there because well, for now, this small structure that Bitcoin and its peers are offering us is not very, very pretty. Well, friends, for this quick update, unfortunately, well, a small structure that is not very pretty. When I see this, I expect a bearish continuation, clearly. However, well, I remain positive. Well, being Bitcoin, even if it goes to 92, it's not the end of the world. After all, beware, I know very well that some people have altcoins that are being eaten by zombies. I saw some altcoins even today, by digging a little. Oh my, it's tough. Some altcoins have returned to their bull market levels. There you go. You spent 2 years like this accumulating, you're happy, you say "Yeah, I'm happy, I hear the altcoin of the season," you've returned to the starting level, you see, even lower than where you continued to buy a bit higher, you see. So it's ugly for the altcoins. I'm really sorry for those who are full altcoin. Send kisses, stay strong friends, and we'll talk again soon. Bye bye. [Music]