$BTC fell from 81,944 to 66,771, down 18.5%. The numbers look pretty calm, but I feel a little uneasy—like thinking there’s one more step when walking downstairs, only to put your foot out and find empty space.
The longer I watch the charts, the more this feels less like one clean fall and more like slowly losing your footing—each step, you think you’ve hit bottom, then look down and see there’s still room to fall. So when someone asks if it’s time to buy, my answer is a bit cold: this is only the beginning, the trend is still down, and any rebound is probably just catching its breath. Don’t mistake catching your breath for reaching shore.
I’m not telling anyone to make a move, and I won’t decide for anyone. I just don’t plan to guess which way things will go from here. When things are falling, the three most expensive words are often “close enough.”
#BTCETHTurningPointWatch
The longer I watch the charts, the more this feels less like one clean fall and more like slowly losing your footing—each step, you think you’ve hit bottom, then look down and see there’s still room to fall. So when someone asks if it’s time to buy, my answer is a bit cold: this is only the beginning, the trend is still down, and any rebound is probably just catching its breath. Don’t mistake catching your breath for reaching shore.
I’m not telling anyone to make a move, and I won’t decide for anyone. I just don’t plan to guess which way things will go from here. When things are falling, the three most expensive words are often “close enough.”
#BTCETHTurningPointWatch