Pigster Crypto

Our bro Powell just wanted a better entry 😁

Mid-Week Liquidation Trend?

In the past 24 hours, we’ve seen around $800M in liquidations. Back in 2021, Wednesdays often became liquidation days, forming a noticeable trend: Up only -> Mid-week liquidation wicks -> Retrace.

It would be intriguing to see if this pattern repeats in the current cycle. For now, it’s a reminder that even during strong uptrends, these liquidation events can act as resets, shaking out over-leveraged positions before the next move. Keep an eye on the mid-week action!

Powells comment that the Fed is not allowed to hold Bitcoin reserves is really dumb

Of course it’s not allowed to hold Bitcoin, because no one has changed policy to allow it yet

There was a time before the gold standard when they were not allowed to hold gold either

Strategy for the Journey Ahead

From this point on, it’s all about holding on and taking profits at the right time. The timing will differ for everyone, based on individual targets, risk tolerance, and goals.

One key piece of advice: take partial profits along the way, even if you believe prices will go higher. Most people are overly bullish at the top, which is exactly when it’s time to sell. You won’t perfectly time the top, and that’s okay. A gradual, systematic approach helps avoid selling too early or too late.

If you make life-changing money, protect it. Don’t let greed get the better of you. There will always be another cycle, and the bear market is the best time to get aggressive again during fire sales. Stay smart, stay disciplined.

Market RSI Reset: Room for Upside

The average daily RSI remains at a neutral 50, signaling plenty of room for upside in the short-to-mid term. Over the past week, many coins experienced a healthy reset as Bitcoin chopped around and triggered a flush lower.

With BTC cooling off, attention now shifts to altcoins. Historically, they tend to catch up and outperform once Bitcoin stabilizes. The stage is set for potential gains in the altcoin market as the broader market regains momentum.