In line with low liquidity months ahead or just the August/September seasonality, it's a good time to derisk.
The biggest tell was when everyone was screaming for 4k or all-time highs, sounds like we all want the perfect exit.
I would imagine bounces are temporary. Sentiment feels like it's inflecting.
Juicing the last leg of this race is probably -EV, especially if you don't have a great edge to trade.
That said, July was indeed jubilant!
hello my dear ethereum community members
i have been bull posting ETH from $1800 and the last couple of months have been great to say the least
we are now at HTF supply zone around $4k so it's time we should be a bit careful and not YOLO longs
im still very much bullish on ETH/BTC and expect it to trend higher by Q4 but ETH/USDT needs a bit of a consolidation here, maybe form a range between $3k - $4k and re-accumulation before going for new highs in the next couple of months
also, ghost month is approaching so it aligns with the stars as well (iykyk)
ending this thread here
good luck, have fun and don't get liquidated
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