We are now at week 3 below $100k and weeks 2 below $90k.

Many traders, even some of the traders I respect the most on here, spoke in length about how if we spent weeks below the 50 MA, weeks below $100k and weeks below the 2025 yearly open then that would mark the begin of the end of the cycle

Yet somehow… Someway… instead of abiding to their original thesis they have somehow become even more bullish on the way down

There’s no need to flip flop on an asset that is showing all the signs of being on the verge of entering into a bear market. Nothing has happened to indicate we are going to rip to all time highs, and for this all to be a bad dream