Good morningš¤
#BTC reached 87300 and started falling. I roughly expected they might give 87000 but not higher. Yesterday I took off a breakdown in a video for the channel...
here they could support it in the side pocket, 87000-84000 for a week, and then start pouring downward again. I also don't believe it's a growth cycle, and I can't find any economic factors for further growth, even though I personally hold many alts on spot at -70%
I see that the Fed is tightening policy and fighting inflation, so Iāll draw conclusions in October, because by cycles the bottom usually happens in October...
Technically, yes, the trend is broken. The uptrend continues after the breakout at 83,000, so now you should work long, but Iāll try shorts because I doubt this growth!
Popular people that many of you knowāour YouTubersāhave already decided that the bottom has been passed and that itās a new cycle of growth, and that the alt-season has started. But listening to these arguments, I donāt find any factsāonly fiction...
We all know that growth starts before money is printed, meaning the market prices in events in advance. So maybe Iām not right, maybe Iām missing something obviousābut then you can write to me what Iām missing and give at least 4ā5 arguments for the start of a bull rally...
I see: an oil crisis, wars, growth of the US dollar index, a heated-up US market thatās being held up by AI, a harsh blow to business worldwide, government debt problems, tightening of monetary policy, rate hikes, risks of escalation in Iran, BTC dominance at 60%. The regulation was postponedāso funds canāt buy crypto legally in full... Banks are fighting crypto as if it were a new money system...
It seems to me that before the growth and pumping money there should be a good pullback in the S&P 500 and crypto, and only thenāgrowth of BTC and all assets on printed money...

