As mentioned here, the little inverse on $BTC gives us a higher target, but a failure of the inverse is quite grave, meaning the minuette (orange) 2 is meek. This would indicate a possible lower target around $50K. Quite a drop from here. And the little inverse does look to be failing here.
I think there is some kind of liquidity sink going on in the background right now that the US indices are not yet feeling. I worry that something is breaking.
And all I am seeing on Twitter is total skepticism towards the few bearish calls I see, and vast quantities of giddy upside targets everywhere. I think this is a moment of great euphoria. Because of that, I think we are incredibly vulnerable here.
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