I sold my last Bitcoin at $85,000. Why?
There’s a lot of FOMO building on Twitter right now.
We accumulated around $58K–$62K, so after capturing that move, I’m taking profits.
That doesn’t mean I’m calling a local top. As described in my last post there is not a lot of sell pressure between this level and $88,000.
It just means I’m managing the position based on the risk/reward in front of me.
And for the newer members:
Yes, I still expect a retrace toward the mid-$70Ks.
That remains my base thesis for now.
But I’m not going to force that thesis if the market starts telling us something different.
My invalidation is clear.
If Bitcoin starts closing multiple daily and weekly candles above $83K, I will consider the retracement thesis invalidated and reassess.
Simple.
I’m not emotionally attached to being right. I’m focused on responding to the data.
So for now, there is no reason for me to chase the market because Twitter is getting euphoric.
We already had our entries.
We already captured a significant move.
Now we wait.
The market doesn’t move in a straight line, and neither should your decision-making.
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