Tufail@tufail

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The market just hit $82K but Wizard of Soho insists that's a technical glitch, not a real organic shift. He argues the price should have settled between $71K and $73K instead. The spike happened because a massive volume of short positions triggered a cascaded effect where there were so many shorts involved. While he remains bullish on Bitcoin overall, he rejects this specific extent of the rally. A broad pullback across the board is coming next. Interest rate markets are still described as dangerous right now since we're seeing rates move up aggressively. Until those rates consistently come down, there's no reason to go crazy with aggressive market activity. Check out Weekly Wizdom on X WeeklyWizdom or visit weeklywizdom.com for more analysis.

1w

Tufail@tufail

Follow

The market just hit $82K but Wizard of Soho insists that's a technical glitch, not a real organic shift. He argues the price should have settled between $71K and $73K instead. The spike happened because a massive volume of short positions triggered a cascaded effect where there were so many shorts involved. While he remains bullish on Bitcoin overall, he rejects this specific extent of the rally. A broad pullback across the board is coming next. Interest rate markets are still described as dangerous right now since we're seeing rates move up aggressively. Until those rates consistently come down, there's no reason to go crazy with aggressive market activity. Check out Weekly Wizdom on X WeeklyWizdom or visit weeklywizdom.com for more analysis.

1w