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I’m going to say is just a mild bull market correction. I think $BTC is only down 19% from ATH right now.
It could literally go to $74k and market structure would still look bullish. BTC market structure looks incredibly similar to the start of the 2017 bull market.
If you have a well balanced portfolio that is heavy on BTC, high quality majors, and well selected small caps, and some stables to buy dips, you’re probably feeling ok right now.
What I do think is over is Altcoin bull market easy mode. There are so many chains, memes and AI tokens to choose from. There is so much rotational money, that there will be very few long term winners on the low and micro cap market. It’s more PVP than ever. What I’m saying is there will be many more losers than winners, and it’s getting harder to identify the potential winners with all of the noise.
Also, the fear sentiment is fairly high right now. Bull markets don’t end in fear, they end in greed.
Im bearish/neutral short term, bullish long term 0 reply
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