I fear the dark#
Some would even say this process of fear vs the prior greed is necessary to weigh excess and for balance, there is a fair argument for it. I dont see how we are at peak fear, I would have guessed us lower in that scenario. Its not a bad conclusion to say a fear reaction thats over done is inversely bullish in a subtle way. However subtle means more open to misinterpretation I think which makes me search for confirmation before really deciding in that way especially.
Right now I need the price to make an attempt back above 39k (confirm with 4hr bars the whole 9 yards
). US dollar index has been at higher levels for some time now, in a yearly comparison its not exceptionally high but it might be enough to drain the reserves and inflated price of BTC to some extent. We have to withdraw some of that weak hand money basically.
