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March 2, 2026
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Bitcoin nears $63,000 as U.S. and Israel launch strikes on Iran Bitcoin undervalued relative to gold signals potential rally: Analyst Global Leading RWA Network Plume Lowers the Barrier for Korean Institutional Investment Through the KRW1 Stablecoin Trump Brothers’ American Bitcoin Mining Firm Reports $59 Million Q4 Loss
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I closed my Long. I think we going to see a bear market now.

I closed my Long. I think we going to see a bear market now.

I closed my Long. I think we going to see a bear market now.

I closed my Long. I think we going to see a bear market now.

Bitcoin / Dollar BITFINEX:BTCUSD
Sovryn_Matt


I closed my Long. I think we going to see a bear market now.

Why being Long now could be a bad mistake (I just closed my long)
-Daily MA resistance at $48300
-Weekly 200 MA at $20,300
-Weekly Gausian channel hasnt turned red this cycle.
-No volume on this breakout on Sunday/Monday
-Whales not buying according to on-chain data
-Inflation is getting worse, meaning retail investors cannot afford to invest in assets like Bitcoin , equites, and real estate due to rising prices.
-DXY has broken up out a bull flag today
-SP500, Nasdqa, Dow Jones look like fake pumps, ready to dump lower.
-Crypto bros overly bullish over Sundays pump makes me skeptical.
-2 weeks of green in Bitcoin and no significant pullback.
-FED rate hikes have begun
-The NFT bubble.

This will be funny if I am completely wrong. But ready to open a Short on BTC in the coming days. Wish me luck.

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I closed my Long. I think we going to see a bear market now.

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