As it looks like it is:
1. either over and we are into the start of a global bear market equites and crypto in which case we are looking at way lower prices and BTC is just holding this last level before 2xxxx
2. or BTC will finally shine as a global hedge against risk (it did show some of these signs) and we are heading towards higher prices in the long term, in which case we have a bunch of liquidity and invalidation in the 30k area and below, best place for price to run into and stop out the last tourists in crypto and let the big boys fill some bags
Both of the scenarios point towards 29k/28k at the very least for BTC.
this last bounce if it comes now makes a very good short hedge imo
1. either over and we are into the start of a global bear market equites and crypto in which case we are looking at way lower prices and BTC is just holding this last level before 2xxxx
2. or BTC will finally shine as a global hedge against risk (it did show some of these signs) and we are heading towards higher prices in the long term, in which case we have a bunch of liquidity and invalidation in the 30k area and below, best place for price to run into and stop out the last tourists in crypto and let the big boys fill some bags
Both of the scenarios point towards 29k/28k at the very least for BTC.
this last bounce if it comes now makes a very good short hedge imo