Quote from: feeling sound on Today at 03:20:52 AM

market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom. And there is a big reason for it. Market acting surprisingly fine despite everything.

First it was interest rates. We knew it will be around 75 and it was. And market rallied (relief rally?) And it did not stop when numbers came in and US GDP growth was negative for the second consecutive quarter (which is a big recession indicator).

Why is that? Many think it is because we have allrdy saw the bottom and that market is currently "undervalued" so it is kind of numb to bad news. It very well might be the case, or it might not. Frankly It is not about where the bottom is (if there is one) but rather when there will be room for real growth! Current situation is:

We might allrdy be in recession.

Inflation is still here.

War in Ukraine continue to have an impact on energy and food price.

Feds made it clear that Interest rates will be raised more and more until inflation is under control.

Do you see any good signal that we might get out of this mess? Bottom or not until these fundamental problems are solved I just can't see a bull market coming.

Many technical analyst providers believe we are at the bottom. Or they may not have counted the crisis we have yet to meet.

Despite all the chaos and the fundamental problems, I think all there is the need for BTC moon is halving. Consider $17K as the higher low compared to the last $3K in the 2017 bull market which makes this market to be great for those who bought at the lowest point in the cycle. By the 2025 bear market you may be able to look back that you made the right decision.