Sentiment is completely destroyed, majority of liquidity is higher, weekly cycle bottomed, max fear.
At the same time we're starting to see bullish news:
- New bill about Bitcoin reserve, no tax on BTC gains - Pengus infiltrating US politics with all the pfps - I'm curious to see what bullish news we see next
To me, this still doesn't look like distribution. This looks like dumping the market for an entry.
Facts: - Lost the major trendline and MAs - Daily trend is bearish - Weekly trend is bullish until 74k - Down 35% from ATH, which is a normal correction
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Gm and happy Friday! ☕️
Bitcoin Update & Hyblock Heatmaps
Waking up to BTC at 81k - crazy.
Sentiment is completely destroyed, majority of liquidity is higher, weekly cycle bottomed, max fear.
At the same time we're starting to see bullish news:
- New bill about Bitcoin reserve, no tax on BTC gains
- Pengus infiltrating US politics with all the pfps
- I'm curious to see what bullish news we see next
To me, this still doesn't look like distribution. This looks like dumping the market for an entry.
Facts:
- Lost the major trendline and MAs
- Daily trend is bearish
- Weekly trend is bullish until 74k
- Down 35% from ATH, which is a normal correction
Personal opinion: Bottom is in or very close.