ta is becoming less and less important. macro factors are what will determine if btc drops to 20k or not and we have zero control over those. the market overall is looking weak but tbh the macro conditions favoring btc itself have never been stronger. imho the only longterm positioning that makes sense here is having both exposure to top cryptos (i hold btc and ) as well as cash set aside in case they crash, or having clear-cut levels at which you’re willing to enter/exit if you’re more inclined to trade on short timeframes. i’m leaning bearish for now with the fed being so hawkish and inflation being what it is, but we could still go sideways in a 30-50k range for another 6 months before any direction is definitive. sloth mode engaged. 🦥 