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Bitcoin weekly chart, testing the 8th week of the MA
Next week has a high probability of a breakout. Currently, the KD is crossing upward around 20.
Since 2018, this has happened about 8 times, almost always leading to a certain degree of rebound or a bull market reaching new highs.
Therefore... I think the risk-reward ratio here is quite good, and it's a good place to add positions.
As a result, even though the market has been declining for three months with little action, I’ve recently started actively building positions. No matter what, there should be a significant rebound.
Retail investors are still very bearish, and the market is completely not FOMO, but institutions and a bunch of whales are continuously accumulating.
I choose... to stand on... the side of the big players.
If a deep bear scenario really occurs, I will still cut my positions.