I think 735 is basically where this decline has run its course, and it’s within my own forecast range. CPI data comes out tomorrow, and as long as there’s no major negative news, the price won’t fall much. A minor negative could bring it down to around 724, and that should be about it. I ran the numbers, and tomorrow’s CPI data is very likely to be positive. Based on that, 735 is probably the bottom of this decline.

However, just in case my forecast is wrong, I’ve left myself room down to 720–690. If the price falls that far, I’ll still be able to handle it calmly.

I made another mistake buying the dip this morning. The students arrived at the office early, and I was also talking with the online students. Then I didn’t follow the planned strategy for my spot position! Sigh! I’ll just have to leave it at that for now.

Oh, and there’s one other minor negative: the US will strike Iran. But it’s already having little impact; the effect is quite limited, and the market is already fatigued.

Market makers have already bought heavily around 747 and 764. The decline is probably about over, with the overall cost basis around 744.

‍$BTC