$BTC – Think Bigger!
Forget cycle tops, even a local top here seems unlikely.
Bitcoin just bounced off a basic support level, the previous resistance. That alone shows how impulsive this trend is, where even simple TA works perfectly.
On top of that, the Stochastic is oversold, a level we last saw when BTC was at $80K, and has now formed a golden cross, confirming a bullish divergence.
And don't forget, the most bullish macro catalyst for risk assets, a rate cut, is coming in just 2 days.