Don't rush to celebrate the bull market. The more I look at this BTC rally, the more it makes me laugh. The stronger it looks on the surface, the more it feels like one last hurrah—repeated attempts to break through 86K and 87K keep failing, shorts have been liquidated time and time again, and yet the price still hasn't really broken out.
Right now, everyone and their dog is calling for 90K or 100K. I'm looking at 50K. Not 80K, not 70K—straight to 50K.
The reason isn't the drop itself. It's that everyone thinks it'll bounce back after it drops. Once that consensus gets shattered, the panic selling won't give you a chance to get out gradually.
The script is simple: fail to break 87K → lose 86K → break below 80K → sentiment flips → search for a bottom all the way down through 70K and 60K. If it breaks straight through 90K, I'll be the first to shut up.
#BTC
Right now, everyone and their dog is calling for 90K or 100K. I'm looking at 50K. Not 80K, not 70K—straight to 50K.
The reason isn't the drop itself. It's that everyone thinks it'll bounce back after it drops. Once that consensus gets shattered, the panic selling won't give you a chance to get out gradually.
The script is simple: fail to break 87K → lose 86K → break below 80K → sentiment flips → search for a bottom all the way down through 70K and 60K. If it breaks straight through 90K, I'll be the first to shut up.
#BTC