This bounce off the dip below $30K doesn’t really look that convincing to me. Tradfi markets pumped yesterday but I suspect the pump there won’t hold either.
Looking for a mini bump over $31K again to short.
this post was submitted on 01 Jul 2023
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I'm curious what happened. Are you short yet?
I really need to learn to stick to my own trading plans with better discipline...probably one of my worst habits is second guessing myself, has been a very expensive habit.
Not yet, decided to be a little more patient and see if it attempts a test of $32K. We got the $31K bump I expected to see, but it doesn’t seem as weak as I had anticipated.
In the lead-up to the previous halving, there was so much talk about whether it was priced in. I don't see that this time. Maybe we are just battered bulls and the macro picture is less clear, but let me ask anyway: is the halving priced in? Is a possible spot ETF priced in? Is there any future outcome that's priced in at this point?
It doesn't really feel like it. Bitcoin is starting to seem like an asymmetric bet again.
Back over $31K. Classical weekend dip? :-)
I don't see any specific news behind this. S&P is pretty flat. I always hold on to skepticism for as long as I can, but it looks decent.
With the holiday in the US today liquidity is going to be thinner than usual. Could make for some wild moves either way