Bitcoin at Crossroads!
Bitcoin at Crossroads!
> Bias: Neutral
> Key support: 58k
> Key resistance: 64k
Woops, we lost 64k AGAIN. That is usually translated as weakness. So we're back in this odd range where anything can happen. Not great, not terrible. What can we do next?
Wait for Monday!
You see, stock markets just nuked, Warren Buffet sold $50 billions of Apple stock. Do you think he's bullish? Not very much. These are times of uncertainty and the best tool you have is to follow the trend. Right now, altcoins are getting rekt, but Bitcoin still shows resilience, as does gold.
Can a run to safety follow if weakens on the stock market increases? Could happen, we're in uncharted territory. It is the first time Bitcoin had an ETF on the US stock market during an upcoming recession. Interesting times for sure.
Listen, if you have money. HOLD. Don't buy, don't gamble. Wait! Guard your cash like it's Bitcoin right now. Because if the market nukes, that's when you need it most. If the market pumps, take your profits and use that cash to buy in the bear market. Don't get greedy.
Yesterday, I wrote a detailed guide on how to play every cycle and I also posted a viral thread about Solana (just follow the links). Not the first time. Red flags will always be obvious in hindsight. Don't dismiss them and manage your risk properly. That means you work with BTC, Gold, and USD. That's it!
Monday will be a good signal where we go next. Only the US Fed can stop this train now. The ball is in their court. I do hope we get another exit window this year, then I'm out of the market (except BTC of course).
Thanks for reading and hit a follow for more updates!
Duo
> Bias: Neutral
> Key support: 58k
> Key resistance: 64k
Woops, we lost 64k AGAIN. That is usually translated as weakness. So we're back in this odd range where anything can happen. Not great, not terrible. What can we do next?
Wait for Monday!
You see, stock markets just nuked, Warren Buffet sold $50 billions of Apple stock. Do you think he's bullish? Not very much. These are times of uncertainty and the best tool you have is to follow the trend. Right now, altcoins are getting rekt, but Bitcoin still shows resilience, as does gold.
Can a run to safety follow if weakens on the stock market increases? Could happen, we're in uncharted territory. It is the first time Bitcoin had an ETF on the US stock market during an upcoming recession. Interesting times for sure.
Listen, if you have money. HOLD. Don't buy, don't gamble. Wait! Guard your cash like it's Bitcoin right now. Because if the market nukes, that's when you need it most. If the market pumps, take your profits and use that cash to buy in the bear market. Don't get greedy.
Yesterday, I wrote a detailed guide on how to play every cycle and I also posted a viral thread about Solana (just follow the links). Not the first time. Red flags will always be obvious in hindsight. Don't dismiss them and manage your risk properly. That means you work with BTC, Gold, and USD. That's it!
Monday will be a good signal where we go next. Only the US Fed can stop this train now. The ball is in their court. I do hope we get another exit window this year, then I'm out of the market (except BTC of course).
Thanks for reading and hit a follow for more updates!
Duo
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