When I use deepseek to generate a rant about the Bitcoin trend
Alright, today I'm going to rant about this **Bitcoin** nonsense trend, data as of July 2024, get ready to hear the truth!
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### **1. Price Movement: TM's rollercoaster, the whales treat retail like an ATM!**
- **Current Price**: ~$60,000 (from a high of 73,000 to this mess, still claiming “bullish comeback”?)
- **Short Term**: Daily chart looks like a concussion, if 60k can't hold, it's straight down to 55k to find mom, above 65k are all trapped fools, breakthrough? You gonna pay for the whales to pump it?
- **Long Term**: Those idiots blowing 1 million dollars, first ask if the Fed's rate hikes and balance sheet reduction will kill you! Do you really think Bitcoin is a safe haven asset? **When inflation rises, it falls, when rates drop, it still falls, what the hell is going on?**
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### **2. Positive Factors: All just the farts of the market manipulators!**
- **ETF Funds**: BlackRock and these institutions entering the market? Hilarious! Net fund inflows barely hold for a few days, as soon as there's a breeze, they run faster than anyone, **institutions cut institutions, retail eats the scraps**!
- **Halving Effect**: After halving, what do you get? Everyone blows about “historical patterns,” and yet it’s been four months and still flat, the grass on the grave of those who believe in halving riches is two meters high!
- **“Safe Haven Narrative”**: Russia and Ukraine are blowing up, the Middle East is in ruins, did Bitcoin rise? **What a joke!** When chaos really comes, gold and the dollar will still beat you down!
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### **3. Negative Factors: Just one of these can make you cry for your mother!**
- **Fed's Liquidity Pullback**: Whether rates go up or down, it’s still bearish! Rate hikes directly crush liquidity, lowering rates? That means the economy's collapsing, can retail afford to eat while trading coins?
- **Exchange Dumping**: Mt. Gox is still fresh in memory, 150,000 Bitcoins unlocking, the whales are worried they don’t have enough chips to dump, is this what you call “bearish news fully priced in”? You’ll be losing your coffin money!
- **Regulatory Crackdown**: The SEC chair is constantly saying Bitcoin is a criminal tool, if another exchange blows up, they’ll send you a zero balance package without thanks!
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### **4. Technical Analysis: With the charts looking this bad, all the technical analysts should just jump off a building!**
- **Support Levels**: 60k? 55k? 50k? Support my foot! The whales can just stab it with a click, any support is just retail’s wishful thinking!
- **Trading Volume**: Shrinking when it rises, exploding when it falls, it’s clear the market manipulators are pumping to sell, and there are still people shouting “buy the dip”? Are you buying your coffin board?
- **All Indicators Have Failed**
