$BTC has broken support, the next support point is 7.55. Keep holding the short position, enter a long at 7.55 to secure profits, if it breaks 7.45, exit the long.
Oil prices are still high, CPI is on the rise, and rate cuts seem far off. What's the buzz for the second half of the year, rate hikes or cuts? With the elections coming up in November, they need to cut rates to pump up the stock market before then. But what about before that? Are they just digging a hole for everyone?
$BTC is struggling to pump up, and there's no one picking up on the dips. Let's just chill for a few days, then grind down for a couple of weeks with a slow bleed. The World Cup kicks off in June, and that’s gonna create a bottom wave. Once the World Cup wraps up, the trillion-level betting funds will need a place to flow back, and whoever's at the bottom is where the liquidity will head. There’s also another wave around the midterm elections in November. In 2026, we’re only looking at two of these market cycles, so in the meantime, just play around with some contracts for fun.
$BTC The bear market cycle won't change for a year, it's always the same, with the bottom usually between August and October. During this time, just buy, don't worry if it's 40k or 60k. Those line-drawing KOLs claiming the bottom is definitely at some specific point? Just block them, because they're fools.
$BTC The short position has held on for so long, and the rate has finally turned positive. If you don't short the position, you'll never think it will go down. The market is not here to do charity.