My reasoning for this is that so far BTC has taken a brutal drop, but it is still nothing compared to what we are used to with bitcoin (well those of us who have been around since 2017). Bitcoin has been trending up since April and hasn't had a solid correction. A pull back to the retracement would still be a very bullish move. Could also take off at lower levels, but if you are a swing trader you would have been in since 11-12k.
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