The first thing I did after opening my eyes was check the charts again. BTC is a little over 62,800, down 7.9% in 24 hours—a drop of more than $5,300 in a day.
At this time yesterday, it was still hovering above 68,000. I went to sleep, woke up, and it was suddenly starting with a 62. I stared at that number for several seconds before it sank in.
In my last two posts, I wrote that I was already numb to it. Today, though, I’m not numb. It’s more like a sudden jolt of clarity. When prices fall slowly, you still have time to make up excuses for yourself. When they drop five grand in a day, there’s not much left to say.
The intraday low was 62,568. All those lows I’d noted before were useless. From September’s high of 87,000, the drawdown is already 28%.
I haven’t touched my position. Not because I have great discipline—at this level, even making a move myself feels like gambling. We’ll probably get an answer this week on whether 62,000 holds as a key level.
$BTC #Bitcoin
At this time yesterday, it was still hovering above 68,000. I went to sleep, woke up, and it was suddenly starting with a 62. I stared at that number for several seconds before it sank in.
In my last two posts, I wrote that I was already numb to it. Today, though, I’m not numb. It’s more like a sudden jolt of clarity. When prices fall slowly, you still have time to make up excuses for yourself. When they drop five grand in a day, there’s not much left to say.
The intraday low was 62,568. All those lows I’d noted before were useless. From September’s high of 87,000, the drawdown is already 28%.
I haven’t touched my position. Not because I have great discipline—at this level, even making a move myself feels like gambling. We’ll probably get an answer this week on whether 62,000 holds as a key level.
$BTC #Bitcoin
