To The Moon

I forsee a further drop in the price of Bitcoin and related crypto stocks. Possible retracement of Bitcoin back into the USD$56-$57,000 range. 📉📉

We have been seeing lower highs and lower lows across all crypto stocks and I don't think true rebound will happen any time soon. Not when there is uncertainty regarding inflation and rate cuts. That very one rate cut that everyone is clinging onto may not even happen. Coming Friday,  headline and core PCE indexes for May is expected to be up 2.6% yoy. More reds to come. 

As such, I have exited all my positions in $Marathon Digital Holdings Inc(MARA)$ , $CleanSpark, Inc.(CLSK)$ and $MicroStrategy(MSTR)$ for now. Took some profits, took some losses, did what I have to do. Because I do not want to regret not protecting my portfolio when I could. Ain't gonna catch falling knives to buy in as yet, till I see good re-entry prices or some support in the price of Bitcoin. As much as Bitcoin is resilient, there will always be a better buying opportunity, and when that day comes, do strike while the iron is hot 🔥. Perhaps buying in at a higher price while they are on uptrends could be safer than buying in when they are on a downtrend. 

Till then, stay safe, take profits while yall can, cut losses if yall think its necessary and do whatever's in your best interest. Not financial advice though. Do your due diligence. You may not agree with my strategies. 

Cheers! 🫶😘🙌