Alright, the BEAR scenario we discussed several weeks ago is unfolding due to the stocks...
We closed below the Kijun, and the price even managed to reach a new low.
Logically, we seem headed toward $70,000, which represents a retest of the previous ATH (already done on US indices), the former resistance of the large 2024 range, but also the Kumo.
We saw the same pattern in 2024 when we came back to test the Kumo, and that was the Bottom, so there’s still hope.
However, in early 2022, we dropped below the Kumo, marking the official entry into the last Bear Market.
So personally, I’m still hopeful for this Bullrun if we hold $70,000, but if we break below this level, I’ll capitulate and completely rethink my strategy...