Observing price action in ranges seems to reduce asymmetry in this monster snapback we have experienced. Maybe a compelling argument for the next leg up. The outer KC converging onto pre-crash ATHs could help accelerate the melt-up; however, I would be looking to moderately sell into further strength, especially with an election coming up we will likely be coming back into the KC zones soon. That being said, it is impossible how long to tell the record-breaking buying, and rapid asset price appreciation will persist, and it seems like 4000-4500 will be in play before we see anything close to 3000.
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