"hope".

each dip in a bear market tends to get larger over time.
reason being:
>humans buy in thinking a bottom is created.
>bots drive the price goes lower.
>humans panic sell.

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eventually, the larger players begin to sell off their balance sheets.
-btc miners capitulate below 17.6k, as it is not profitable for them to mine btc anymore.
-hash-rate declines at a very rapid pace.
-massive long positions begin getting liquidated.
-margin calls are created.
-media headlines say "bitcoin is done forever".
-retail loses all hope.

𝑜𝑛𝑙𝑦 𝑡ℎ𝑒𝑛,
𝑖𝑠 𝑎 𝑏𝑜𝑡𝑡𝑜𝑚 𝑐𝑟𝑒𝑎𝑡𝑒𝑑.

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for now, while majority of the market remains hopeful - i will remain to be bearish.
once a majority of the market loses all hope, i will flip 100% bullish.
no offense to anyone, it's just part of my strategy.

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downside target = $12,400.

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