Plionel (plionel)

Yo

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1. Bitcoin Macro > Cycle: It's still perfectly intact and following our cycle pattern since it's consolidating in stage 5. > Time: It might feel like it's taking ages, but we're only 350 days in the range, while it usually takes 500+ days to break out of this. If anything, I think it's relatively bullish that we shot up so quickly.

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> Market structure: Many say the recent lower lows within this range show a bearish market structure and make us bearish, but I think they’re too zoomed in. Bearish price action on lower time frames is normal within a higher uptrend. I expect this to be a small break and correction phase within the ongoing bull trend. Similar to how we had a bullish market structure in the lower time frame within a higher downtrend.

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> Halving & Elections: It's interesting how Bitcoin keeps acting similarly around these two events. 1. Into the halving we pump 2. After the halving, we range. 3. This range ends around the elections, and part 2 of the cycle begins. Parabolic resistance target around $120k. (break it and we can talk about a super cycle, lmao)

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