LTF dip to be expected here before further up

Trimming all my scalps here

Last resistance before 73.7k
We might take a quick dip here

https://x.com/pentosh1/status/1767762940331987065

I totally know what it means. Wagmi 🤝

I will try to time the dip here and reenter alt scalps.
Probably around 72.4k/ or if btc breaks the current ath again. Whatever comes first

The „dip“

JUST IN: Ethereum Dencun upgrade now live, bringing reduced transaction fees on L2s.

@WatcherGuru

Altough ppl dont expect the approval, I am giga bullish on eth long-term.

Farming just got a whole lot less expensive -

Either is aweseome. If this works out, I will post a few more Airdrops to farm in the coming days

As written in Nov last year, this update on L2s getting significant fee discounts plays into the hands of the aggregators again.

I am very bullish long-term (this cycle and potentially longer) for aggregators.

$1inch and $PSP being the two I am watching the most and where I have smaller bags in.

If you know other promising aggregator products, I‘d be happy to hear:

https://news.1rj.ru/str/DiveInDefiDiscussion

^

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Vote here if new votes come up. I will try to keep you up to date on this from now on.

This is not how it works

How much do you think this BTC pump and/or crypto cycle is linked to a stock market downfall?

I think this is a very good and difficult question and I have discussed this with various people already:
BTC was designed to be like digital gold and basically do the opposite of stocks in times with high inflation and uncertainty - a safe invest to counter inflation.

I have said this in here before that BTC has been viewed the opposite up until today: a high risk asset that pumps crazy in times of high certainty and dumps even harder in uncertain markets. Basically like a shitcoin for stocks/ a micro stock.

That said, I am a big believer in BTC and crypto as a whole. I believe BTC will eventually become the asset it was designed for. The big question is when?

In the past: treating bitcoin as a shitter for stocks was always the right move. From a statistical standpoint I would say: stocks dump, BTC dump. You will be right until you are wrong once. So far, you have been right every time and got rekt if you believed BTC is ready to fullfil its faith of being a hedge against inflation and dumping stock markets.

Once BTC starts to decouple, it will probably develop a whole new way of reacting to markets.

I do believe with the ETFs, we are one way more connected to the stock market than ever before. But it is also a lot easier to flight into BTC than ever before.


As always: If this then that. We have to observe and see what is happening to make a good decision.

We either bounce here right now or retest the 69k again - which would be concerning.

Mining stocks literally rugging me