Already swept the low on BTC futures because it doesn't include weekend volatility. Low could be in now and we could squeeze shorts all the way up to the 28k gap, or more likely we could be in an accumulation zone that will be more prolonged. Clear invalidation level if we dip below the range low, which could well happen if we get a true capitulation still.
注释
Idea was indeed invalidated as we dipped below that level again in Sept. and Oct.Did get a "true capitulation" in November when FTX went bankrupt, which is supported by the massive increase in volume on the down move.
Expecting that event to mark the actual bottom in hindsight. Now looking for dips to buy over the next year; btc halving event is now less than one year out, after which new supply unlocked daily will be cut in half.
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