$BTC went as low as $83k yesterday and everyone was screaming 'it's so over'

it's back at $90k today and everyone is screaming 'we're so back'

maybe we're indeed so back

or maybe we're still going to have some more pullbacks from here

the short-term price action doesn't really matter IMO

what really matters is the fundamentals:

- ultra conservative, $11 trillion financial behemoth Vanguard just started allowing its clients to buy Bitcoin
- FED has ended QT and we're now on a much faster track to QE
- we likely get another rate cut in a week's time
- institutional participation in crypto is at record levels and there's now almost unlimited avenues for them to participate

meanwhile BTC is trading 30% down from an ATH it made just two months ago

i understand being bearish a few weeks ago

but the R/R looks incredibly unfavorable to being bearish here IMO, regardless of what price does in the short term