#bitcoin sentiment at ATL.

Genuinely never seen it so bad. Every cycle has reversed when no one feels like it will, and has always been around the 300 weekly moving average.
The generational life changing entries has been somewhere inbetween the 200 and 300 weekly.
200 WMA $61700ish range.
300 WMA is around the $54,500 range.
I see a worse case scenario of dropping to high 50's, just below the 300WMA like we did in 22/23, but don't think we'll go much lower than $54,500. At that range, I'll flip long.
With the fear amongst Saylor being forced into liquidiation, the most recent ZEC exploit, it just feels like compounding bad news daily. Surely we don't bottom in conditions like these?.
We do.
When everyone is caught off guard, thinking we're going to continue to make new lows is where it normally reverses and leaves the majority sidelined. Also alligns with stablecoins on exchanges near ATH.
That's my setup, could be wrong, could get much worse.
I don't think so.