Bitcoin TRIPLE Rejection at $88.5K - What Happens Next?

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Bitcoin faces its third consecutive rejection at the critical $88.5K resistance level, creating a make-or-break moment for the market. While the four-hour timeframe shows bearish patterns with triple neckline rejections, the daily chart still holds potential for a breakout if general markets continue their rally despite rate cut uncertainty. Long liquidations hit extreme levels not seen since COVID, with 41% of positions forced out. The short-term holder realized price has dropped from $110K to $105K, signaling potential danger ahead. Watch this video to understand the key levels, order book dynamics, and why Nvidia's performance could determine Bitcoin's next move. Subscribe to The Trading Parrot for daily market analysis.

00:00 Introduction - Four Hour Breakdown Analysis
01:16 Aggregated Open Interest New Low
02:41 Cup and Handle Formation at 88.5K Neckline
04:33 Nvidia $4 Trillion Market Cap Risk
06:13 SOPR Peak Analysis - Potential Coinbase False Alarm
07:37 41% Long Liquidations - Highest Since COVID
10:20 Short Term Holder Realized Price Dropping to 105K
15:03 Russia Drops Crypto Trading Requirements

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