BITCOIN HAS NOT HIT THE LEVEL THAT MARKS THE REAL BOTTOM.
There is an on chain line that has caught every cycle low.
It sits at $49,000 right now.
Price has not reached it yet.
So here is how I am playing it.
Every bounce is a shorting opportunity until that line gets hit.
No spot buys until $49,000.
This is the third leg down, not the bottom.
The patient ones wait for the line.
$BTC
There is an on chain line that has caught every cycle low.
It sits at $49,000 right now.
Price has not reached it yet.
So here is how I am playing it.
Every bounce is a shorting opportunity until that line gets hit.
No spot buys until $49,000.
This is the third leg down, not the bottom.
The patient ones wait for the line.
$BTC