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GM - if any of you are going to NFT NYC, feel free to hmu!Executive Summary 📝BoldLeonidasI’m sorry - I had to bring back the good ol’ tagline of “BTC at 66k in 2024: GOD THIS IS SO BEARISH”. It’s a little embarrassing though, considering how last week I was talking about ATHs and how it was a waste of time to be bearish (LMAO). But such are the consequences of only posting once a week. On the lower time frames, however, I posted on my Telegram channel that 1bn dollars of inflows on the day of 72k and yet it didn’t budge in hindsight, was atrociously bearish. We also had massive derisking into FOMC, and as expected, Powell did not raise rates (a raise rate outcome spooked the market because of a hot CPI). The market turned short-term bullish and we quickly rallied off the bottom. Unfortunately, we’re now in rangebound territories. I’m obviously bullish on higher time-frames, which is why I titled this piece: “BTC at 66k in 2024: GOD THIS IS SO BEARISH”. Zoom out, people! We’re 3k from A...
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