What's your take? Ber market?
I have no clue what's happening anymore lol
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I’m convinced of bear too many things lining up.
- Late cycle whales selling
- 4 year cycle lines up perfectly
- dumping on positive news ie rate cuts and massive earnings.
- high correlation with tech which is massively overvalued
- MSTR losing all upside correlation to BTC
- sharpness of price decline
- breaking below major long term trend
- bearish Q4 when this is typically very bullish time of year
- very weak bounce from 80K
- sentiment horrible between devs ie core/knots
- underperformance to almost any asset this year
Man this whole year (couple of years) has been really disappointing. I still hold hope for an extended cycle? Lol