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$BTC This will become clear in the days to come...
During the previous bear market, divergences below the previous capitulation axis offered generational buying opportunities.
This cycle has now swept that capitulation axis, which is why I am aggressively adding to my spot positions. This does not necessarily mean the bear market low has been reached, but it shows that it is time to start buying rather than lowering your targets.
I am currently 75% allocated to spot and swing longs from 59.4K.