Stop saying we are bullish even bottomed. We are still in a bear market and crypto winter isn’t over yet so don’t get way too far ahead.
As the retracement to 21K completed should expect a big fall and the bears are back from water break, as bitcoin still volatile and the Feds are still going aggressive to fight off the inflation.
Powell gave a hint will go lower but that’s not all, the inflation still over 40 year high.. the next Feds meeting is coming this week for the rate increase decision and the last meeting held in December.
Significant recession is coming in 2023.
The buy is still short term & the sell is still in long term.
Bearish rally target is 16K, 14K, 12K then last will be 10K area but we will never know it will drop even further.
As the retracement to 21K completed should expect a big fall and the bears are back from water break, as bitcoin still volatile and the Feds are still going aggressive to fight off the inflation.
Powell gave a hint will go lower but that’s not all, the inflation still over 40 year high.. the next Feds meeting is coming this week for the rate increase decision and the last meeting held in December.
Significant recession is coming in 2023.
The buy is still short term & the sell is still in long term.
Bearish rally target is 16K, 14K, 12K then last will be 10K area but we will never know it will drop even further.
