Having endured the inexplicable rise in Bitcoin to nearly $80,000 on Sunday, I’m pleased to see it encounter some much-deserved weakness.

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Having endured the inexplicable rise in Bitcoin to nearly $80,000 on Sunday, I’m pleased to see it encounter some much-deserved weakness.

Heading into the weekend, it seemed the big question was how peace talks would go. By Saturday, it was clear that they weren’t even going to take place, which in saner times would have meant a total wipe-out on Monday (that is to say, today).
In fairness, there WAS a gap down on Sunday when the futures opened, albeit a modest one, and even then, the market bottomed within minutes before dusting itself off and moving to LIFETIME HIGHS on the /ES, the /NQ, the /RTY, and any other index you might care to mention.
