BTC just made a massive move.From the $126K ATH to $57K took 266 days.
Then from $57K back to $87K took only 84 days.
That’s roughly a 45% recovery in just 3 months.And this is where I get cautious.After such a sharp move, I’m not expecting BTC to simply go straight up from here. A period of consolidation and volatility would make much more sense before the next major move.
Could BTC still break higher? Absolutely.But chasing the move here comes with risk.
Sometimes the market doesn’t crash.It simply takes time to reset.Don’t say I didn’t warn you.
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$BTC
Then from $57K back to $87K took only 84 days.
That’s roughly a 45% recovery in just 3 months.And this is where I get cautious.After such a sharp move, I’m not expecting BTC to simply go straight up from here. A period of consolidation and volatility would make much more sense before the next major move.
Could BTC still break higher? Absolutely.But chasing the move here comes with risk.
Sometimes the market doesn’t crash.It simply takes time to reset.Don’t say I didn’t warn you.
#Write2Earn
#TrendingTopic
$BTC
