In my opinion, this is far from over.
Yesterday was just the test dump, and this looks like a dead cat bounce.
Lower.
Yesterday was just the test dump, and this looks like a dead cat bounce.
Lower.
For those asking what to expect in the potential event of a capitulation / black swan scenario:
🔸 $BTC could drop to the main support at $60k–70k (35%–45% from the current price of $109,300)
🔸 $ETH could fall around 45%–55%, potentially reaching the $1,000–1,200 zone
🔸 Altcoins: average drop of 50%–70%
🔸 Memecoins would be hit hardest, with average drawdowns of 60%–80%
I remain net short.
🔸 $BTC could drop to the main support at $60k–70k (35%–45% from the current price of $109,300)
🔸 $ETH could fall around 45%–55%, potentially reaching the $1,000–1,200 zone
🔸 Altcoins: average drop of 50%–70%
🔸 Memecoins would be hit hardest, with average drawdowns of 60%–80%
I remain net short.