I think “not selling” the current BTC stash was always the main thought process of the US pipeline.
This was a major discussion point in the past when there was discussion of Democrats nuking holdings before leaving power.
Twitter logic twisted it into an event much grander.
But at least it secures that aspect of the selling and supply for the near future.
And look, the US now has a strategic reserve of Bitcoin. That’s still a monumental stride for the industry even though it may not have achieved the overambitious and fairytale crypto Twitter outcome.
The Federal Reserve meets on March 19 to discuss rate cuts
The market sees a 93% chance of no cut
This could change if February's CPI data (out March 12) aligns with
@truflation's 1.44%—below the Fed's 2% target
Could there be a rate cut this month?
Indexes are in 2021.
Following the 2021 BTC playbook with the diminishing momentum through each high.
The last correction was -27%.
That would put us at roughly $4700.
The timeline was overwhelmingly bullish on Sunday as the weekly close approached.
Even the mere suggestion of shorting the retracement was met with ridicule by many.
Equally the idea of longs earlier in the week was questioned by many.
If you allow prevailing opinions to cloud your judgment, then developing the independent thinking needed for self-sufficiency in trading becomes difficult.
Growth comes from generating your own ideas, even when it means going against the majority at key extremes, which is understandably challenging in itself.
The ultimate goal is to become both self-sufficient yet fluid.