Bitcoin looks like it can’t fall any further right now, but what I really want to know is how much longer they can keep propping up the market.
One detail really stands out: MicroStrategy is down nearly 10%, while the market leader is still down less than 2%.
Oil prices are nearing $110, policymakers are discussing a ban on Russian diesel, expectations of monetary easing keep getting dashed, and even the Nasdaq is struggling to hold up.
My view is simple: the longer we move sideways, the harder the drop will be when it comes. If they pump it this weekend to offload, I’ll go with the flow and add to my shorts; if they don’t give me the chance, I’ll just keep waiting.
#BTC #cryptocurrency
One detail really stands out: MicroStrategy is down nearly 10%, while the market leader is still down less than 2%.
Oil prices are nearing $110, policymakers are discussing a ban on Russian diesel, expectations of monetary easing keep getting dashed, and even the Nasdaq is struggling to hold up.
My view is simple: the longer we move sideways, the harder the drop will be when it comes. If they pump it this weekend to offload, I’ll go with the flow and add to my shorts; if they don’t give me the chance, I’ll just keep waiting.
#BTC #cryptocurrency