so about that $BTC chart today.
they're calling it a relief rally. uh.. no?
that wasn't a rally. that was a targeted liquidation hunt using the PCE data hopes narrative as perfect air cover, even on #bitcoin .
first, the slow grind up all day to build confidence and stack up short side liquidity.
then, the violent pump. that's them taking out all the stops from people still #trading the german selling fud from last week.
next, the chaotic chop at the top. that's them distributing their bags to every fomo long who's now convinced the bottom is in for #crypto .
finally, the inevitable dump to shake out the fresh liquidity.
you weren't trading a market recovery. your stop loss on #BTC was their target.