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You should never think of the market in absolutes. You can never be 100% certain of any outcome. Your positioning should be dictated by probabilities (+EV or -EV). So let's lay out the pros and cons for $BTC right now, then you decide whether you're bullish at $97k or not. Pros (bullish): • December is historically best month in election years • For the S&P, no month is more likely to be higher than December in an election year (83.3%) • Equities still making new highs • Trump inauguration on Jan 20th • Lots of sidelined capital still waiting for an entry (from both the institutional and the retail side) • #Bitcoin compressed for 8 months in a tight range, now in an expansion phase • We're still generally following past cycles, and are now entering the most aggressive expansionary phase Cons (bearish): • 100k psychological resistance • What's the next catalyst after Trump's inauguration? Do we see short-term "sell the news?" • We've been on an extended run - due for a cool down? • Due to risk assets at ATHs, if there's any negative events (geopolitical etc.), there's more room to retrace Overall I think the pros outweigh the cons, but this doesn't mean there is a 100% certainty of upside. Whenever you take a trade you're weighing up both sides and taking a probabilistic bet on directionality.
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Honestly $XRP ripping like this is the best thing possible to get retail back interested in crypto It is the normies favorite coin
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🇷🇺 Russia's President Putin has officially signed law regulating Bitcoin and crypto as property and exempting transactions from VAT tax.
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You can have the best Altseason plan on planet Earth, but it’s worthless if you don’t follow through with it. It’s easy to hypothetically set rules and boundaries — the difficult part is applying them when the time comes. Most people will mess up this second part. They’ve spent months: • Learning basic TA concepts. • Studying cycle top indicators. • Setting realistic portfolio targets. • Understanding human psychology. Etc. But the problem will arise once it will be time to switch from theory to practice. They will feel completely lost. Greed will cloud their judgment, leading to a making a lot of mistakes that would have seemed impossible on paper. Moral of the story? Be aware that during the upcoming Altseason or the euphoric part of the cycle, you’ll be your own worst enemy — not the whales, not politicians, not the mainstream media, not other people, but YOU. I’m not saying that there’s a possibility that what I’ve described above might happen. IT WILL HAPPEN. So now that you know, put a bulletproof system in place, even from that perspective. You’ll have one chance, don’t waste it. This is our run, kings. Do not mess it up.
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🇭🇰 Hong Kong Public Company Boyaa adds 515 Bitcoin worth $49 million by selling Ethereum.
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