@IgorBelykh 19 July 2023

What’s going on with the market? What’s next? It's hot in the news again: Kathy Wood pronounces $1,500,000 for bitcoin. There are already whispers that the bitcoin-ETF issue has been resolved and will launch in September. Durov hold BTC and TON. Crypto Twitter is total bullish, English-language YouTube is grimacing, talking about a bullrun to $1mn It feels like every other channel has a forecast with growth to 32-34k, all like a copycat. Such a fierce bullish consensus is scary and makes me wildly doubt even local growth. Perhaps the final high has already been drawn. And the slow chewing through the lows looks more like a hidden preparation for a steep drop down, after which we will not go back. The more we are sideways in the same prices as in April - it looks like a single distribution belt (selling zone). A very strong bearish sign. And when volatility is screwed up like this, it always leads to big moves. Small corrections in the style of a little bit down and then up again do not fit here. Something bigger is in the pipeline. And I believe that we are heading towards a full-fledged market reversal and the end of the growth phase since January this year. And it's already time, it's the middle of summer after all Well, it looks like the persistent bullish sentiment is doing everything for it.... You see, when they shout about bitcoin at 1.5 million, it's time to get out of the market (or at least be cautious)