Next few days? It's all about whether $BTC puts in a higher low or not.
If we hold above $60k and bounce, I'm staying bullish. That's the tell.
If $60k fails as support, then yeah, we're probably heading back to retest the lows. Not fun, but that's how it goes.
Personally, I don't see us dropping all the way to $40k. That feels like a stretch given where we are in the cycle. But who knows — markets love proving people wrong.
If we hold above $60k and bounce, I'm staying bullish. That's the tell.
If $60k fails as support, then yeah, we're probably heading back to retest the lows. Not fun, but that's how it goes.
Personally, I don't see us dropping all the way to $40k. That feels like a stretch given where we are in the cycle. But who knows — markets love proving people wrong.