The #BTC did not have a good close at $90K, and temporarily lost our support at $89K. Despite this, the movement seems to be closely tied to the increase of the narrative around the Japanese Central Bank; it does not appear to be a real downward movement... we will know in the next 12H.
A recovery of these levels is a must for the Bulls now, especially with the busy week we should have.
I am building 3 new LONG positions now; I will be ready to close them if we start to show real weakness.
A downward or upward movement motivated by news, during the weekend... is not something that should scare people; on the contrary...
The Bears are starting to lose strength here, and large buyers are building good positions in the current regions, so... a little more time and the charts should look better for the Bulls. Time will tell!
I see many people talking about being afraid of "entering a bear market," but that wouldn't be possible... since we have NOT yet exited the bear market, so... basically, there is no way to enter something we are already in 😒.
Everyone I see bringing this thought makes it clear that they do not understand the correct sequence of the market and think that the bull cycle is based only on the initial rise of BTC, thus creating the false illusion that the bull cycle has already happened, which is obviously completely wrong. However, as our dear Satoshi said: If you do not understand or do not want to understand, SORRY I do not have time to insist with you! 🤝🏻💛
The $126K was not the definitive top for Bitcoin, and the Altcoins did not have any significant RISE, therefore, a true BULLRUN has not happened yet, but it will!