It feels great to see
B
$BTC performing good,
especially with the sentiments we had bout the
'Rate Cuts' being a possible 'Trap' factor for
Bitcoin
The divergence we're seeing is fascinating.
Even with the S&P getting hammered by surging
energy costs and magin calls,
$BTC is
reclaimina the $70K handle with some serious
conviction.
The "Geopolitical Test" here is really a 'Liquidity
Test". Remember, we spent most parts of last
month flushina out the over-leveraged lonc
positions. By the time this week's macro
volatility hit, the 'weak hands' were already
gone... We're now left with, Diamond-Handed
spot buvers and consistent ETF inflows that
doesn't seem to care bout the headlines in the
Middle Fast
This isn't iust a 'Flight to Safety' narrative
anymore; it's proving B
$BTC can decouple
from the 'Tech Stock' label when the globa
financial svstem qets shaky.
If we flip this $71,000 resistance into support
the 'Value Trap' bears are going to have a very
rough weekend
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