#Bitcoin has broken below the 50MA on the weekly‼️⚠️
Does this mean we are in a bear market? Or is this the start of a larger rotation into #altcoins?
Before jumping to conclusions, here are some of the key things I am looking at...🧵
Update: $CC
Price still holding on to key support for now. Showing incredible strength despite the weak market across the board.
Focus on strength during times of weakness!
Maybe this is why Bitcoin crashed -50% in 140 days with no bounce or relief rally.
Jane Street playbook:
Buy spot Bitcoin at $70k
Open large shorts with options
Dump spot BTC with 10 AM algo
Panic selling starts
Close shorts in profit
Rinse and repeat
They made $10 billion in 3 months in 2025.
$ETH/ $BTC
If we break back above and test 0.03 as support, then we should be off to the races. That would confirm the bear-trap/fake-out!
Now its time to wait and see, act with confirmations...