Let's see how this weekly candle ends, and possibly the next consecutive candles. I know most folks are bull right now, and will HODL on for dear life to the BTC halving, so shoot me down, but I have a knack for calling major contrarian market intersections.
Fundamentals: Ain't no one who cares about the corn right now.
Mood: cynical
Hope: margin longs are maintaining ATH hopium, while mining hashrate is at ATH
Reason to believe BTC will head into its first ever bear market from here? It is possible, as I have been analyzing this since the 2017 hype. Every time we come to a slow down with decreasing/low volume, heads roll, but now we have a long-squeeze possibility.
You're welcome!
Fundamentals: Ain't no one who cares about the corn right now.
Mood: cynical
Hope: margin longs are maintaining ATH hopium, while mining hashrate is at ATH
Reason to believe BTC will head into its first ever bear market from here? It is possible, as I have been analyzing this since the 2017 hype. Every time we come to a slow down with decreasing/low volume, heads roll, but now we have a long-squeeze possibility.
You're welcome!
