What people forget is that when crypto trends, it trends hard.
This is true in both directions.
I still believe we trend lower, and it’s going to be brutal.
94k remains the line in the sand.
Price has consistently struggled there throughout this entire downtrend, and a reclaim would turn this whole move into a deviation.
At that point, you don’t think about being bearish or shorting.
You don’t aim for 98k or 100k.
You wait for a move toward 108k, and for alts to at least double.
I don’t think there is a remote chance of that happening.
But even if it did, that's why I'm totally fine taking the L and missing this first part of the move (because the next part would more than make up for it)
This still looks like a bearish retest, especially with $BTC sitting under the range high.
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What people forget is that when crypto trends, it trends hard.
This is true in both directions.
I still believe we trend lower, and it’s going to be brutal.
94k remains the line in the sand.
Price has consistently struggled there throughout this entire downtrend, and a reclaim would turn this whole move into a deviation.
At that point, you don’t think about being bearish or shorting.
You don’t aim for 98k or 100k.
You wait for a move toward 108k, and for alts to at least double.
I don’t think there is a remote chance of that happening.
But even if it did, that's why I'm totally fine taking the L and missing this first part of the move (because the next part would more than make up for it)
This still looks like a bearish retest, especially with $BTC sitting under the range high.
A bearish retest is not a trend change.