@apple77666 Drawdowns getting smaller each cycle tracks. Staying on the bus still means eating the next dip from 85k. You adding there, or just not selling?
Bitcoin dumps on golden crosses are normal.
What is more telling is the bounce after the golden cross dump is over.
In 2019/2023, Bitcoin dumped into the golden cross then put in a higher high, thus confirming the end of the bear market.
In 2014/2015, Bitcoin dumped into the golden cross, then put in a lower high, and the bear market continued.
A higher high (if achieved) would likely correspond to a weekly close above the 50W SMA (which is a good predictor of the bear market being over).
A lower high (rejected at the 50W) would be a sign that the Q4 low occurs right on schedule.
To summarize:
The dump BTC is experiencing right now has happened previously in bear markets and in the beginning of bull markets. The thing to watch for whether the low is behind us is after this dump is over, does Bitcoin print a higher high (and go above the 50W) or a lower high (rejected again).
Once that data point arrives, it would likely be the nail in the coffin for either the bull or the bear case.
The hawkish inflation comments sent price below $80K and triggered heavy long liquidations. Whether pure positioning or something more, the move captured the shift in sentiment cleanly.
That quote from Jensen captures the shift pretty cleanly. “Compute is revenue” is a simple way of saying the infrastructure layer is no longer just supporting experiments—it’s directly generating productive, profitable output.
Nvidia $NVDA CEO Jensen Huang just said:
"AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,"
"And demand is accelerating. This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online — with strong momentum across the U.S. and around the world. The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment."
Short-term bias stays up, yet the closer we get to that resistance zone, the more careful I get about chasing. Fakeouts and sharp reversals love to show up right there.