$BTC | Target > Flip short to 60K
The plan is to swing long Bitcoin to new highs then hedge the long position with a short during August-September.
The moment we see structrual confirmation that the uptrend has been broken, we will TP the long & ride the swing short to bear market lows.
I believe that the 4Y Liquidity cylce is still intact & that we are still in a bull market until proven otherwise.
Confluences:
- M2 Global Liquidity Increasing
- Premium Index Negative (Leverage is low, no fomo)
- Reclaimed Previous 90K Range lows with strength
- Tether Treasury has been minting billions
- Wall street traders margin called (covid levels)
- Tarrif Wars/Trade wars marked the bottom (fear)
If I happen to be wrong, I put my money where my mouth is. As always. I bias. 1 Plan. Worst case scenario I am invalidated and get to buy BTC lower which is even better 😅
