I will not be at all surprised.
The US Sunday traders have woken and Bitcoin is making a new plunge.
Come Monday, when BluE Ocean trading opens for the stock market, all Crypto related stocks are going to suffer a major puke.
And when official trading starts at 9.30 EST, the avalange will be seismic.
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Comments
From past experience, last night’s reversal may be showing this. They buy up after the big drop and wait for retail players like you and me to follow, and then suddenly dump again. Be careful and watch for this.
But I still feel it will go down. Just maybe not this next day or so.
Also, if I am doing a dump, I rather play MSTR as I feel Michael Saylor and his party have been caught pretty bad. See this post:-
“High correlation: Bitcoin's plunge below MSTR's cost basis directly threatens its financial stability, amplifying short-term downside risk and challenging long-term viability as capital markets reject its equity-for-crypto model.”
I have long called MSTR a ponzi. And you know what happens when ponzi’s reach an end.