Crypto pitfalls

We don't know if Bitcoin made a top. Nobody knows; anyone who shows too much conviction is simply good at the theatre.

On the bullish side, we didn't have the typical exhaustion candlestick of the end-of-cycle hubbub. The coin doesn't usually glide so close to the last high so sparingly. On the other hand, the bearish view, the extent of this bullish phase already exceeds that of the last 2 bull markets. All the typical signs of excess showed up.

Remember: any evidence has no guaranteeing effect. Even if the last cycles of the BTC had been of exactly the same duration and amplitude, they would not ensure a repeat of the pattern this time.

The asset may well plummet tomorrow and hit a bear market. Just like it can shoot up to 90k in a couple of days.

It is necessary to be prepared in both cases.

However, today, the BTC is closer to the end of the cycle than to the middle, or beginning. And that means you should be taking less directional risk than you've taken before.

That's why, even though we intuit that the best is yet to come, we need to emphasize the value of prudent strategy. You will not sell at the top. This is not the goal.