BTC macro analysis
Key Bullets:
- macro risk levels - 20K(test)/12K(challenge)/0.2K (ruin)
- macro trend - bold green arrow line
- frequency of major drawdown tests - 7~12months
- ideal testing scenario - price bottom of 2nd test > price bottom of 1st test
- positioning for a bull run - ideal: low volatility with small trending bars - accumulative buying pressure.
Current Focus: whether BTC's 3rd peak has happened or not?
- if happend, then macro top of this phase is only round $70k, which is lower than previous estimates of $100K~320L
if happened, we should position for a 4th bull run:
- 1st test could be around Apr/May 2022
- price target could be scary of around 12/13K (although 20K, 29K levels are also very important)
- 2nd test could happen between Dec 2022~May 2023
- if hasn't happen, then this cycle is definitely very much prolonged and we can still wait for the previous target of 100K~320K.
Anyway, from the macro perspective, we can't pinpoint the exact timing, so, a planned DCA strategy should be employed.
