The message below was during the tariff tirade and CT was losing their minds.. reminder to zoom out when the macro market is making you emotional.
$BTC $ETH $SUI $BNB $DOGE $FART $WIF
ps. JP Morgan just faxed over their congratulations, it said, "Welcome to the Club" -JT๐ฌ
@degeneratoor@Trader_XO Too many want the lottery ticket. They are not willing to develop the enduring, process-oriented skillsets that this legend offers to those willing to commit.
@devchart Definitely possible. Theres likely funds that auto-allocate to certain sectors, categories, etc. Rebalancing intervals will trigger buys if other dynamic parameters havenโt already.
2nd time Iโve seen this take today and 2nd time I tend to agree. Not saying we canโt revisit lower support levels, but that can be done w/o breaking HTF structure. Look at the monthly chart.. 4 monthโs of ranging is rarely a peak inflection point. $BTC
-JT๐ฌ
If this is the top of Bitcoin then it is wildly different to any top we'e ever seen on any large asset.
Bitcoin has held above $100k for 5 months now.
Consolidating in a tight monthly range for 4 months.
Tops very rarely give you anything more than a month on a HTF basis to exit before steep drawdowns.s
And as you can see, these tops are always accompanied by overbought conditions on the RSI.
Candle wise, it doesn't look the best.
But structurally, and internally, it doesn't look like a top.
To me, this looks like HTF acceptance above $100k with some level of distribution happening, but into the hands of ETF's.
If this is the top of BTC, it is wildly different to any top I have ever seen on any asset class, ever.
It doesn't make sense.
And as stated, my bullish bias holds until we get the invalidations I have shared.
My expectations are that we are building a strong base above $100k... one we might never break below again.
$200k+ in 2026.