For the first time since June 2022, BTC bulls have managed to break above 30k. However, I don’t plan to deploy my capital back into crypto until late Q2-Q3 this year when I get bullish.

In my opinion, BTC is going through a distribution phase where everyone becomes extremely bullish, even as the economy looks bad. But it’s just a matter of time before the trigger is pulled, and many alts become worthless. Investing in BTC for the long term hold has never been a mistake, but investing in many alts can be a huge mistake for long-term wealth.

Starting from tomorrow, the leg down begins as CPI and ETH Shanghai Update trigger a deeper correction. Bearish Divergences indicate that a reversal is close, and Binance fund of $1bn is fully spent.

If there are no buyers and the market goes for RISK OFF, it’s going to be a free fall. Therefore, it’s essential to note that clear bearish invalidation is above 32.5k.