Since this (silly) three-day weekend has been foisted upon us, and we don’t get to trade again until Tuesday morning, I thought I’d do a crypto check-in, since that’s the only market going here on a Sunday morning which might give us some insight into the animal spirits, particularly with respect to geopolitical tensions.
As a person who is fairly heavily short assets, I am encouraged by Bitcoin’s rejection from its trendline. The beautiful head and shoulders top has been badly violated, almost to the point to which the pattern is moot, but my view is that crypto is still in a serious bear market.
