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See you in October to see how this plays out 🧐
For me, 45–50k remains a solid potential bottom. But everything will depend on the 🇺🇸. If Powell’s successor is Warsh, it could create a lot of uncertainty and push some players to reduce exposure while waiting for more clarity.
It’s not the only factor (macro, liquidity, sentiment…), but a shift at the Fed could clearly trigger fear.
Also worth noting: after a new ATH, BTC has closed May in the red 4 out of 6 times (~67%). Not a certainty, but a statistical bias to consider.
Personally, I’m staying cautious. Let’s see what the market decides.
$BTC
Russ Kov@russ__kov
17/08/2024 🆚 11/02/2026 The plan is playing out perfectly. Honestly, couldn't have timed it better 🤷🏻♂️ 🎯 Next objective: identifying the bottom by October 2026. What price target are you eyeing for the floor? 👇
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