dr axius got a valid point here.
either we run it back from these levels, or we just dump much lower than the anticipated 110k support.
personally think we reverse and trap large short positions that are building up.
- prof jeets
Feels strange seeing a lot of people call for 110K on BTC.
In TRULY bullish conditions, you never get what you want.
Bullish doesn't always mean up only, it also means visible demand where there are no perfect entries.
From my rather OPTIMISTIC evaluation of this,
BTC simply frontran 110K and ETH simply frontran 4.1K.
We should have continued bleeding further IF we really "needed" to go lower to those price points.
It's either we continue climbing back up from here or you may as well scratch that 110K and call for WAY LOWER.
Similar vibes to last year when 44K was being called for back when BTC was at 65K~.
The lowest we got to was 49-50K before more chop and going up massively.
I bring this up because this is where I FIRST DECIMATED POORAN KOLE.
A part of the Axe Chronicles.
Another example, earlier this year when we went from 100K to 75K, a lot of people were calling for 68K~.
And more recently, when we were at 110K and went to 98K, a lot of people AGAIN were calling for a nuke.
Basic pattern recognition is enough to see there's a common theme here.
We remain hopeful.
~ Dr. Axius.
4.46K
23
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.