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I'm sorry, but this level of confidence is actually insane.
I'm not saying $BTC can't see $50K, but when 76% of people are convinced it's going to happen, that's exactly why we could see a much more prolonged period of chop first.
The market loves to punish consensus, and to be honest, I now see more shorts exposed than longs.
If we lose $54K, $48K is likely next... (IBIT ETF Approval wick high)
If we can hold the PWL, I'd like to see some relief.
We've already liquidated the majority of longs, and to be honest, I now see more shorts becoming exposed than longs.
Just my current thoughts on the LTF. Bear markets can be ruthless so acceptance is key.