Bull market isn't up for debate.
Here's the breakdown:
1. Both 200-day MAs still rising. $87K to $81K? That's a correction inside the trend. Not a reversal.
2. Support = clustered bids at key levels. Right now that's the 50SMA around $80.5K. Enough traders watching means it holds.
3. Levels: $82K is the line. If that breaks, $75K is your second entry for anyone who slept through the summer low.
4. Loss aversion is real. Losses hurt 2x harder than gains feel good. That's why people dump winners for relief and hold bags to avoid admitting they're wrong.
5. My play: day trading both sides for cash flow, spot accumulating for the 3-year horizon. Day trades smooth the chop. Bags catch the climb. More stable than picking one.
Full alpha in the stream.
Here's the breakdown:
1. Both 200-day MAs still rising. $87K to $81K? That's a correction inside the trend. Not a reversal.
2. Support = clustered bids at key levels. Right now that's the 50SMA around $80.5K. Enough traders watching means it holds.
3. Levels: $82K is the line. If that breaks, $75K is your second entry for anyone who slept through the summer low.
4. Loss aversion is real. Losses hurt 2x harder than gains feel good. That's why people dump winners for relief and hold bags to avoid admitting they're wrong.
5. My play: day trading both sides for cash flow, spot accumulating for the 3-year horizon. Day trades smooth the chop. Bags catch the climb. More stable than picking one.
Full alpha in the stream.