If you're still panic selling $BTC every time it tests a valuation band, stop now.
Too many traders lock in losses the moment Bitcoin slips below a round number, only to watch it resume higher. That inability to distinguish a healthy pullback from a real breakdown has been one of the costliest mistakes this cycle.
Bears are using the fact that Bitcoin remains below the 1.5x valuation band near $108.7K to argue the bullish structure is already broken. I disagree.
A temporary pullback doesn't necessarily end the uptrend as long as the long-term trend remains strong. $BTC has respected this pattern for months now.
$ETH often moves in tandem during these phases and $BNB has been relatively resilient too. Higher timeframes still look constructive.
Where do you think this goes from here?
#Bitcoin #Crypto #BTC
Too many traders lock in losses the moment Bitcoin slips below a round number, only to watch it resume higher. That inability to distinguish a healthy pullback from a real breakdown has been one of the costliest mistakes this cycle.
Bears are using the fact that Bitcoin remains below the 1.5x valuation band near $108.7K to argue the bullish structure is already broken. I disagree.
A temporary pullback doesn't necessarily end the uptrend as long as the long-term trend remains strong. $BTC has respected this pattern for months now.
$ETH often moves in tandem during these phases and $BNB has been relatively resilient too. Higher timeframes still look constructive.
Where do you think this goes from here?
#Bitcoin #Crypto #BTC