Lets be 100% real here for a minute.

Even if you are the hardest of gay bears...
Now is not the time for it.
Bitcoin has just put in 5 monthly red candles in a row.
The second largest amount in history, only second to 2018, where it put in 6 months.
However, during that time, the bottom was actually found in the 5th month.
In addition, the 1M RSI is at the second most oversold level, and the PMI has entered expansion.
Something that has preceded every bull cycle we have had.
So right now we have:
- Tied red monthly candles where the bottom was found
- Second lowest level 1M RSI
- ISM PMI in expansion for two months
This is not an environment in which it makes sense to continue to expect lower, other than a low sweep of this range.
In 2018 Bitcoin went on to make 5 monthly green candles after its 6 reds.
And right now, March is currently green.
After such a sharp drawdown, with highly positive metrics and continued adoption coming in like ETFs and Strategy bid, and the mastercard announcement today...
Being macro bearish for continuation for the rest of this year just doesn't make sense.
That is statistically a very dumb thesis.
Even if we do go lower, it will be short lived now.
GG to the bears who have played it well, i am happy for you. Go have a few stellas and beat the wife for me...
But its getting very close bull time again.