Good morning, my name is dr fudd, also known as meet kevin in this video, i'm going to start with fudd to potentially outline a negative catalyst that could hurt the cryptocurrency markets and create a buy the dip opportunity. I am mr by the dipper, as well as mr fudd and meet kevin, and i thought i would start with a negative catalyst. So that way, we could move on to positives like what happened to solana and shiba inu and then we'll talk about what i believe is a very bullish formation happening in bitcoin and you won't want to miss it. So if you like this kind of fud, first fun later content make sure to hit that red prescribe button down below okay.

Now, let me get my prescription here hold on hey everyone: okay, let's talk about this new information from bloomberg. Bloomberg just released an article that the treasury department and other agencies have given the green light to the sec, the security and exchange commission to regulate uh stable coins. Now we are waiting for a massive report this week on stable coin regulation and ultimately, stablecoin regulation will fall under the purview of congress to legislate for stablecoin regulation and likely require banking charters for stablecoin issuers with the sec regulating stablecoins. This is something that gary gensler, the chairperson of the sec, has been pushing for, and this could potentially lead to an evaporation of at least some form of lending based on the stablecoin market.

It could potentially also lead yields in the stablecoin market to fall thanks to burdensome regulation now, industry experts like paxos and circle companies that are first of all phenomenal companies experts in cryptocurrencies. They are actually cheering cryptocurrency regulation, but i do believe because of tether size with a 70 billion market cap. Yes, i know tetherfud that uh there is a potential that once we get this transition of requiring a banking charter for those issuing stable coins and we transition to regulation that we could see uh. You know a modest to substantial impact in the short term on especially bitcoin pricing and then subsequently, all other coins thereafter uh.

Personally, i believe that this will be a phenomenal by the dip opportunity. I think it is the next big negative catalyst for crypto and i think we'll have three layers of or sort of three events around this. I think the first event will be the sec and agency report that comes out this week on stable coins and stable coin proposed regulation. Then congressional uh regulation and negotiations around actually implementing this.

We don't know how quickly congress can act in this are on this and in theory congress. Could i mean if the sec is fast enough? In theory, they could get stable coin regulation just slid into one of these stimulus packages that we expect to get passed pretty dang soon, we'll see. I don't know if it could happen that fast, but in theory it could all come very quickly, but then again, congress is uh, not famous for doing things very quickly. But this to me is a temporary negative catalyst.

It is something that i would buy the dip on this summer. I bought the dip a lot. I made a lot of videos explaining exactly why i was buying the dip. What catalyst i was looking for, how i believe that cryptocurrencies could explode and obviously, we've seen an explosion going from a dollar of cardano to where it is now just over two dollars.

2.15 has been kind of where we've been hanging out. We've seen. Obviously, bitcoin explode from 29 000 all the way over 60 000 here so a lot of positivity ahead, but i do think this could be a temporary speed bump and i think it is a great buy the dip opportunity. It's also worth noting that there are companies like jp morgan that have stable coins as well.

Now right now, the jp morgan coin, which is built on the ethereum network, is something that is only available to institutional clients and it's something. They've really been testing. Most stable coins have open access to the public. This jpm coin is again it's only for insiders, but i wouldn't be surprised if you get banks with existing bank charters who come out and end up offering stable coins as a way of attracting customers to their bank and kind of filling any void that the tether Fund might potentially create, and i think that would mean the negative catalyst for cryptocurrencies would actually be relatively short-lived.

Now we also we're going to move over to other news now we're going to walk away here from stable coins, because i know this gets a little. Sometimes this gets a little uh old newsish, but anyway we're going to walk away from stable coins and we want to quickly talk about sheba dosh, i'm sorry shibe, then, and then we're going to talk about uh, a catalyst that i see here for bitcoin, so uh. First uh shiba inu shibuyinu. We have obviously hit some all-time highs and uh.

It's really really incredible. To mention that elon musk replied to a question about how much sheep he is holding and he did reply with a one word answered none. This did lead sheba eu to drop about 20 percent as soon as he mentioned it, however, shiba inu since has reached all-time highs just within the last few hours here, in fact, right now, at the time of this recording, we just hit a new all-time high at 47.73, so congratulations to the sheep army. I am very happy for you.

This is excellent news for the sheep army. We are up 11.89 percent. We do also have solana reaching all-time highs, which is really incredible. We are right now sitting at 218.99.

This is an all-time high next to our previous all-time high of about 215. So congratulations to the solana army as well. We have a new record high in the amount of total value locked in d5 projects. We've got a lot of excitement surrounding solana and i've got an announcement coming out about a jungle cat, so stay tuned.

For that super excited to talk about that and uh nfts on the blockchain network super excited about this. Now i want to show you an update regarding bitcoin and a catalyst that i see here on bitcoin. Take a look at this chart. Tell me if you see something here.

I do want to make a quick note before i show you this catalyst here that i do have a program on a technical analysis, but it's mostly stocks and psychology of money. We got fundamental analysis, we talk momentum, talk, technical analysis, talk, options trading, but if you want to build your wealth and experience sort of the psychology of money, how i become mr by the dipper - and i would look for negative catalysts and and look for opportunities in The market and then know how to react to them check out the program link down below. I think it's amazing. If you want to see feedback or testimonials, go to mattkevin.com chat and you can see honest free, not censored, published, published sort of reviews on the program.

Take a look at it. Of course, i've got five programs in total. Take a look at all of those linked down below you can go to medkevin.com, join or click the link down below and use that diamond hands coupon code before a friday, because the price will be going up uh saturday morning, all right! So let's go take a look here at uh. What i'm seeing here on the btc chart so right now, btc is softening a little bit, but in my opinion, what we have here is the potential for a reverse head and shoulders.

So it's a little bit of a wide head here, but i i still see it here. So if we kind of flip this upside down, i think it's a little bit easier for individuals to see. So, let's just go ahead and grab this and uh flip it. So that way, you can see a little bit more of the traditional head and shoulders pattern here.

So uh right here, you've got sort of a shoulder over here, so you've got a shoulder here. You've got another shoulder over here. You've got your neck line. That's really! This orange line that we've drawn over here so you've got your neckline shoulder shoulder, and then you have your relatively wide head over here.

This is the 30 minute chart on bitcoin. Now, usually a rever or a normal head and shoulders would predict a sort of fall. I know this is upside down, so usually be the other way, but usually you would. You would have a fall coming in to a head and shoulders formation and then you would have a subsequent fall when you have a reverse head and shoulders.

You actually expect the opposite, which, aside from a news, catalyst like this stable coin regulation, which could kind of screw this whole thing up. I do think that this is a potential breakout leading formation here. So i'm bullish on what i'm seeing here. If we see a little bit more of a trickling down here, i'm not sure if we're going to revisit that 60 000 level.

Obviously that would break the head and shoulders thesis if that does end up happening. We end up going back to a support around 60 000 big psychological threshold. Obviously briefly, we can break below this support, but we keep rubbing rubber banding back to that psychological level, which makes sense, as traders front, run very, very typical, but uh this right here. In my opinion is bullish, minus the potential for cryptocurrency stablecoin reports uh, and so i'm excited to see what happens for that because uh look, i would not mind buying bitcoin at a cheaper price, so these are some of my thoughts on everything going on in the Market uh right now regarding uh stablecoin regulation, but also uh, some brief updates on uh, salad and shiba, inu and uh.

Of course, this technical analysis on bitcoin and if you found this helpful click that prescribe button down below and folks, we'll see you in the next one thanks again bye and consider sharing the video too.