People have been asking for my thoughts on #Bitcoin

To be honest, the intermediate term looks quite unclear to me. I don't have a strong read and see forces pulling in different directions. So, I'm limiting trades and holding onto my spot. Recently, I did add a bit more to my spot position.

Overall, I feel like #Bitcoin was flushed out recently and is still in a significant accumulation phase. However, I don’t expect any major moves until mid-September at the earliest, as I’ve mentioned before. It’s likely to remain range-bound.

Bulls might need to wait until the December weekly cycle low, potentially leading to a 9-month range. That’s one possibility. Check out the chart I’ve shared.

Is there a chance for another drop to even lower levels? It's possible. If that happens, spot holders would face a serious test, and at deeper lows, the entire bull market narrative could come under scrutiny. By then, it might be too late to react. Ah... the challenges of investing.

That said, I still believe the 4-Year Cycle high is ahead in mid/late 2025, reaching six figures, which keeps me grounded. I’m not worried about the election either.

If you're patient and believe in the long-term potential, it's really just a matter of battling time.