Tony Shum wrNM

$BTC The biggest reason BTC fell 15%+ today is positioning. Too many people were aggressively longing BTC, expecting a fakeout around the 74k weekly support and they kept buying or spot traders started DCA until they give up. Instead, price dropped nearly 19% about $12,000 from that level. Markets don’t work the way we want them to. They first flush out the crowd before any meaningful reversal or even a bounce. Always wait for confirmation. Always define your invalidation. Respect them, accept them. We can’t fight the market, we can only react to it. #WhenWillBTCRebound