Prediction evidence

Ki

Killa

@KillaXBT

Range bound until proven otherwise. But it is becoming hard to ignore the strength of this move. BTC had every reason in the book to sell off further. You had rate hike expectations, the Clarity Act not passing... two major bearish narratives for $BTC to extend as low as possible. Instead, it simply swept the lows and printed a 6% daily candle to the upside. Now it is harder for me to be bearish or look for hedges at range highs again, because I do not like shorting strength in a bull market. That is why I currently have no limit shorts in place. Given the recovery, the speed of it, and the timing of all the confluences and supposed bad news, we are back at the highs again. I am just not convinced it rejects in the way people are expecting. Of course, a rejection and continued range bound movement is still something I have been favouring. But the momentum behind this move is hard to ignore. Personally, I am being very careful with any shorts. I am still in both longs from 62.6K and 76.4K. I have said I am taking zero profits until 126K, so the plan remains the same.