$BTC
Bitcoin just took another dive.
The first reaction for a lot of people: “Oh no, Russia is opening up its crypto market—why is the price falling when that should be bullish?”
But the most fucking interesting thing about the market is right here— the biggest moves never follow your script.
Good news comes out, price surges; it hits a key level, then gets dumped; bulls start panicking, bears start laughing.
But don’t forget: Russia is bringing BTC into the mainstream financial system. Banks are starting to get involved, and the scope for cross-border use is opening up too.
Today’s drop doesn’t mean the story is over.
Instead, ask yourself:
What if this is a shakeout, not a top?
Failing to break above $87,000 is definitely dangerous. But if it can reclaim that level after a pullback…
Then, looking back at today’s big red candle, it may have just been a deliberate scare tactic to shake you out before the big move kicked off.
So the biggest thing to fear right now isn’t the drop.
It’s this—you get spooked and sell, then the next candle sends the shorts flying.
BTC—the truly exciting action may only just be getting started.
Bitcoin just took another dive.
The first reaction for a lot of people: “Oh no, Russia is opening up its crypto market—why is the price falling when that should be bullish?”
But the most fucking interesting thing about the market is right here— the biggest moves never follow your script.
Good news comes out, price surges; it hits a key level, then gets dumped; bulls start panicking, bears start laughing.
But don’t forget: Russia is bringing BTC into the mainstream financial system. Banks are starting to get involved, and the scope for cross-border use is opening up too.
Today’s drop doesn’t mean the story is over.
Instead, ask yourself:
What if this is a shakeout, not a top?
Failing to break above $87,000 is definitely dangerous. But if it can reclaim that level after a pullback…
Then, looking back at today’s big red candle, it may have just been a deliberate scare tactic to shake you out before the big move kicked off.
So the biggest thing to fear right now isn’t the drop.
It’s this—you get spooked and sell, then the next candle sends the shorts flying.
BTC—the truly exciting action may only just be getting started.