>I say dead cat, you say:
N
I
>>61231729GGER
>>61231711BEAR!
I gotta agree with Bobo. We can’t just drop below 100k. We need to liquidate all shorts and longs until everyone is broke
>>61231711Hmm what qualifies for this ubiquitous "dead cat bounce" again?Let's see...>occurs in a clear downtrendWell that's not the case, considering we have been in a relative crabbing pattern after hitting a couple of new ATHs in the past 6 months or so>driven by short coveringBitcoin has genuine spot demand, so this doesn't apply.>fails to reclaim resistanceResistance was reclaimed, so no dice.>Low volumeBid-side volume is very high.>No structural support nearbyThe bounce occurred exactly on key $106k support>Institutional outflowsETF inflows are ongoing and set to increase in the following weeks due to rate cut.So that's a... 0/6. All of the above factors are lined up much more cleanly with a confirmatory spring-type reaction AKA a liquidity sweep in an overall trend of consolidation. Nice try bobie, but leave it to the adults next time, mmkay?
>>61232462Based bobo annihilator
>>61231711> CAT BOUNCE
