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Sorry, but this confidence level is actually insane.
I'm not saying $BTC can't see $50K, but when 76% of people are confident it will happen, that's exactly why we might see a longer chop period first.
The market loves to punish consensus, and honestly, I'm now seeing more short positions exposed than longs.
If we lose $54K, $48K next likely... (IBIT ETF approval high wick)
If we can hold PWL, I'd like to see some relief.
We've liquidated most long positions, and honestly, I'm now seeing more short positions starting to get exposed than longs.
Just my current thoughts on LTF. The bear market can be brutal, so acceptance is key.