With this being said, it’s very hard to know if the bottom is in here. Obviously, we’ve seen a liquidation event. Normally, what you see after this is a bit of price bouncing around and trying to digest what’s happened. Sometimes you can go and sweep the lows of the wicks that were put in, sometimes not so. But with the RSI on the hourly and the four hourly at the absolute floor for most assets, and Bitcoin having touched into its liquidity pocket, there is a decent opportunity for a bounce here. Again, I’m not predicting that the bottom is in specifically. There’s still a little bit of liquidity left in Bitcoin’s liquidity pools. I’ll update these in the morning. It’s time to see what the initial reaction is. I’m playing for a bounce for the time being, but I’m also well aware that we could get washed out of this position quite easily. That’s why I’m not going in with huge size, but I do think there’s a decent opportunity here. There’s at least an opportunity for some sort of bounce soon because of how oversold and washed out momentum indicators are, alongside sentiment generally in the space. As I said, I was looking for longs. We’ve now had the liquidation event. Could I be a little bit early? Essentially, that’s what I’m suggesting. But I’ve been waiting for this opportunity, so I didn’t want to leave it too long before having a little stab here. I’ll add as price develops, or if we come down lower, I’ll add.
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