Ignore all the FUD going around. Bitcoin is still bullish on higher time frames and I still see these dips as buying opportunities.
USD dominance is forming a lower high, something I’ve already discussed in my previous market updates.
If you remember the FTX crash back in 2022, we saw an extreme liquidation cascade. Everyone was expecting the market to go even lower, but instead we ended up forming a bottom and reversing when hardly anyone expected it.
We’ve seen similar situations many times. Bad news comes out, fear takes over, everyone starts calling for lower prices and the market ends up surprising them.
Even now, despite all the negative news, the market hasn’t reacted as badly as people expected.
If you’re holding ETH or other strong blue chips, I personally don’t see any reason to panic. I’m still accumulating on dips and holding patiently.
Day trading is obviously a different story. For that, we have to focus on lower time frames, entries, exits and short-term market structure.
But when it comes to the bigger picture, don’t get so caught up in short-term movements that you forget what you’re actually holding and why.
As Warren Buffett once said, “The stock market is a device for transferring money from the impatient to the patient.”
Sometimes the best thing you can do is stop watching every candle and let the market do its thing.
My higher time frame outlook hasn’t changed. Still bullish. @bitcoin
USD dominance is forming a lower high, something I’ve already discussed in my previous market updates.
If you remember the FTX crash back in 2022, we saw an extreme liquidation cascade. Everyone was expecting the market to go even lower, but instead we ended up forming a bottom and reversing when hardly anyone expected it.
We’ve seen similar situations many times. Bad news comes out, fear takes over, everyone starts calling for lower prices and the market ends up surprising them.
Even now, despite all the negative news, the market hasn’t reacted as badly as people expected.
If you’re holding ETH or other strong blue chips, I personally don’t see any reason to panic. I’m still accumulating on dips and holding patiently.
Day trading is obviously a different story. For that, we have to focus on lower time frames, entries, exits and short-term market structure.
But when it comes to the bigger picture, don’t get so caught up in short-term movements that you forget what you’re actually holding and why.
As Warren Buffett once said, “The stock market is a device for transferring money from the impatient to the patient.”
Sometimes the best thing you can do is stop watching every candle and let the market do its thing.
My higher time frame outlook hasn’t changed. Still bullish. @bitcoin