Now BTC has broken up aggressively (and invalidating my last idea), this is the last shred of hope I'm clinging towards for downwards movement.
If we treat this as the ETF break that everyone is talking about, a retest once it breaks down is what everyone will be watching.
There is little Liq upwards, but a TONNE below. I think if we see a failed retest of key support levels going back to 2021, this thing will absolutely elevator down to that 20k zone.
Regardless, ALTS is what I'm banking on. Dominance has shot up while alt/btc pairs are at major lows. I expect any pullback to bring alts way back down...while any break of the 30k zone will see alts set new yearly lows (and most likely fill up my buy orders)
If we treat this as the ETF break that everyone is talking about, a retest once it breaks down is what everyone will be watching.
There is little Liq upwards, but a TONNE below. I think if we see a failed retest of key support levels going back to 2021, this thing will absolutely elevator down to that 20k zone.
Regardless, ALTS is what I'm banking on. Dominance has shot up while alt/btc pairs are at major lows. I expect any pullback to bring alts way back down...while any break of the 30k zone will see alts set new yearly lows (and most likely fill up my buy orders)
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