After the December cuts, the market is pricing in just two additional cuts in 2026.
Trump just announced the next fed chair, he will cut way more to please trump.
My thesis for new BTC ATH in 2026 gets stronger.
And now all of a sudden everyone is bull posting again.
It never changes.
Yesterday I was getting abuse hurled at me for saying the month open dump was healthy, and that we had likely bottomed.
Today, everyone is flipping!
This is why you cannot simply listen to people on X and use that to decide what is happening.
99% of them are just posting things based on which way the market is moving.
The more it moves down, the more emotional they get, the more down bad posts you see of people saying more down.
Same goes for up.
You have to form your own views and thesis, and believe in them regardless of the collective emotions of X.
When it comes to sentiment, the majority are always wrong.
What happened to buy low sell high?
We now have the largest consistent drawdown in Bitcoin history, measured by deviation from 200 day SMA. This is even more oversold than covid crash since it's been a week without bounce.
Hard to call bottom, but definitely shouldn't sell now