Hello!
Today Bitcoin is swinging between $60,000 and $58,000. It actually is at the $58,000 mark. 6k lower than some days ago when it touched the local highs of $64,000.
This retracement is something I wasn’t expecting right now but it’s something that doesn’t bother me at all. There are some interesting points that help me deal with Bitcoin performance.
The first one is that if we measure from the lows, Bitcoin is overperforming the previous two cycles. We got a fairly quick raise from the lows and now we are in a period of consolidation. The consolidation periods are the hardest, because we feel the urge to move the money to other places where we could be getting more profits.
However I would not touch any sat from my stack until further notice. We are not over yet, there is much more to come.
The second point is that the ETFs had been stacking again. Specially Blackrock. Yes, I know that there are some days that we have outflows but the overall performance has switched again to positive.
I feel confident that we have to wait for a while, September may be also a boring month, any retracement we see now is an opportunity to stack harder.
I will try to get more HIVE if we hit lower levels, and I would also like to test some Solana Defi.
I would like to be ready by the massive amount of capital that will flow the space soon.
Get ready!