The risk to reward does not really get better. Bitcoin is now well within its first major pullback after pushing off of the $58k low. We have: - Cycle bottom signal - Bull market signal - Reclaim of all key EMA+ SMA's - Monthly higher high - Bearish break of structure You couldn't ask for more data to confirm that $58k is the low. And now, we have a retest of the 50SMA, which is the strongest bear/bull trend market around. In addition, short liquidation is at $13bn whilst longs is only $2bn. The setup doesn't get better than this really. However, most people will completely ignore all of this extremely insightful data. Data that has always confirmed trend shifts and valuable areas to allocate. Most are mega bearish into this, which is historically the most bullish time after the bottom. Invalidation levels are also so clear. Lose all the key EMA+SMA's below $72k and you can cut it. But don't position? Then you will be chasing and buying the highs once more. You have to open your eyes and let your brain actually see what is happening here, and historically, what that means. It could not be clearer.
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