$BTC and $ETH After the Genius Act passed last summer, one analyst warned that banks would soon enter crypto—not as buyers at highs, but as accumulators on weakness.
Through late 2023, he flagged every critical bear signal:
· The 21-day crossing below the 200-day MA
· BTC losing the 50-week moving average
· Weekly RSI breaking under 41
Each was confirmed, preparing those who listened for the downturn.
Yet this week, even he was caught off guard.
He expected strong support near $69K—a level that had held for weeks. Instead, price sliced through “with almost no friction at all.”
His admission is blunt: “I got that part wrong.”
But here’s why his followers aren’t panicking:
He still believes relief is coming soon. While many watch the 200-week MA, he warns no level is guaranteed, and his broader targets remain lower.
His goal isn’t perfection—it’s preservation.
“At this stage, capital preservation is key so you have dry powder to take advantage of the opportunities ahead.”
If his analysis helped you avoid bad trades or protect capital, he wants to hear from you.
Because what comes next will separate those who kept their powder dry from those who didn’t.
#BTCChart #BearMarket #WarshFedPolicyOutlook #CryptoStrategy a
