Hello everyone!

Continuing to keep a diary of events from my perspective on the market.

The retrospective indicates a continuing #затухание #циклов. Is this: crypto fading into the sunset or a lull before the storm and a new surge (possibly an AI boom)?

I drew a local pattern with a few figures. The main one is a cup with a handle (or a glass on a stem).
On smaller timeframes, I saw in stereoscopy line drawings of shapes like "diamond" and "W".

My thoughts are as follows: after several days of liquidations wiping out long positions from $0.5 to 2.5 billion with an increasing total, there was a short squeeze due to a cascade of sell-offs almost through an empty order book. Over $5 billion in longs were liquidated in total. At the moment, it seems like... the price has stopped, consolidated, and now it will go down again... but I don't think so. And yes, it's a bit scary to go long right now since we've already risen quite a bit, but above us, there are 30 billion shorts, and we need to settle with them, right?! 😎
Of course, market makers won't push straight up immediately... they'll wipe out the local liquidity again to continue the rise.

Overall, we observe, enter gradually, take small positions, don't be greedy, and everything will be fine! 😉