They wiped out all the levered longs. Next they will come for the levered shorts at $120,000. Same story, different day. $110,000-$112,000 area still holding as strong support. Absolutely nothing has changed. Anyone saying otherwise is an easily tricked fool who deserves to lose.
Bitcoin is $120,000 and no one cares. Most people dropped their kids off to school today, went to work, doomscrolled, ate a bagel and drank 2 coffees and a Red Bull. They paid no attention to BTC. People in crypto are chasing memecoins and ETH Treasury companies. We are so early!
Bitcoin is relaxed and moisturized at $118,800, just over $4,000 from all time highs. There is still almost zero retail euphoria. People are mindlessly scrolling their Instagrams and Tik Toks, doing their 9 to 5s, and complaining about inflation without understanding the cause.
Shorting Bitcoin is a fool’s errand because it will always recover and go higher as long as governments continue to print fiat like drunken sailors to finance their increasingly bloated operations. It’s a mathematical certainty. If you don’t understand this, do the work. Hurry.
