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Want beautiful words or the cold hard truth about Bitcoin & ETH?
I know...I also miss being bullish, but Price is Price, no matter how you, me, or anyone else feels.
No new weekly High
No trend change
No structure change
Still a downtrend
ZERO new USDT in the system
ZERO new USDC in the system
If you look at the timeline, you’ll see bottom call after bottom call again, on Bitcoin and recently on ETH.
Even if this could be true on the short-term or for a counter-trend rally, we still don’t have New Highs on either Bitcoin or Ethereum.
The plan is:
IF ETH buyers hold the price on the daily above the $1860 zone, then we can see continuation up to the $2150 area, BUT without $2400 being flipped into support—we remain in a downtrend on HTF.
IF BTC buyers flip $66000 into support, then we can see continuation toward the $74000 zone, BUT without the $83000 area being flipped into support—we remain in a downtrend on HTF.
So take a step back and ask yourself:
Do you want a cold-blooded analysis based on real structures? or just hopium because we had a bounce?
Looking forward to it, different opinions but well argued in the reply, because maybe who knows there’s an angle I’m missing🫡