$BTC The dollar is strengthening, the rate cut is clearly on pause, and the labor market is demonstrating strength.
What could be better than the smell of burning long positions in the morning?
The forecast is playing out, but now I expect movement towards 70–76K instead of 86K. There’s nothing surprising about that.
So, if you have a long position, pray to the liquidation gods or open a hedge short to survive the market correction.
I don’t think the cycle high has been established yet, and I expect it around 120K. But only those who can survive the correction and maintain their deposit will see this high.
Alts will lose 30–50% from current levels, and for many coins, the entire growth since November will be completely wiped out, possibly falling even below these levels.