During the last cycle, you said $60K didn’t look like a top, even though it had a perfect textbook structure of one. Now, you feel bearish at $85K because $108K looks like a top. I understand your bearish sentiment—that’s because you haven’t experienced the bull phase yet. When the real top is in and we see a 25% pullback, I’ll post this chart again. You’ll look at it and know for certain, without any guidance, whether the top is in or not.
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