🤔 Questioning the Bullish Excitement: A Logical Perspective 🧐

Hey everyone,

🔍 Critical Thinking Time:

- Institutional Strategy: If you were institutional investors, would you buy at high prices or push the prices lower to liquidate retail investors and then buy in with full capital at a much lower price? The principle of "buy low, sell high" applies here. Regardless of technical analysis, this is pure logic.

- Political Context: While Biden may be out of the picture, Harris has higher odds of winning against Trump.

🔻 Bearish Trend Warning:

- 1-Hour Trend: Expecting a breakout in a continuous 1-hour bearish trend might not be the wisest strategy. There isn't much to mitigate below the last significant red wick, and the lowest point of the flag's leg doesn't look promising either.

- Weak Hands: Remember, if the price starts to drop, there will undoubtedly be weak hands, especially those who got their BTC from Mt. Gox, which will further escalate the bearish momentum.

💡 Key Observations:

- CME Gap: There is a CME gap between $61k and $58k.

- Liquidity Imbalance: Noticing the imbalances below and the substantial liquidity just above $50k doesn't make me particularly bullish at the moment.

📉 Final Thoughts:

- What's Bullish Here?: What exactly is so bullish here? This is just my personal perspective, take it or leave it.

Stay vigilant and think critically!

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