To help friends who are stuck in gold get out, I’ve decided to take a short-term bullish view.
The target is around 4300–4400. The rebound will more or less run out of steam in this range, then prices will continue falling toward the 3800 level. So, friends, please exit decisively when the target is reached. Don’t get attached—more downside is waiting ahead.
This bear market in gold doesn’t care about the Fed’s rate cuts or hikes, nor is it swayed by central bank gold purchases. A bear market is a bear market: when it’s time to fall, it falls. That’s its fate.
In a nutshell: bear markets in major asset classes show no mercy, and crypto is no exception. The cycle of $BTC is no different—when facing a trend, discipline is worth more than wishful thinking.
#BTC #Crypto
The target is around 4300–4400. The rebound will more or less run out of steam in this range, then prices will continue falling toward the 3800 level. So, friends, please exit decisively when the target is reached. Don’t get attached—more downside is waiting ahead.
This bear market in gold doesn’t care about the Fed’s rate cuts or hikes, nor is it swayed by central bank gold purchases. A bear market is a bear market: when it’s time to fall, it falls. That’s its fate.
In a nutshell: bear markets in major asset classes show no mercy, and crypto is no exception. The cycle of $BTC is no different—when facing a trend, discipline is worth more than wishful thinking.
#BTC #Crypto
