DrJeff on Nostr: I generally don't pay much attention to technical analysis (TA), especially in ...

I generally don't pay much attention to technical analysis (TA), especially in regards to the #bitcoin fiat price. But I drew some lines on a chart (below) for the degen traders out there.

Based on recent changes and new trends in major #macro conditions--especially the US dollar, global M2, US ISM manufacturing, and compressed bitcoin volatility--I think that we are drawing close to a major inflection point.

If you are bored with the recent price action, you are unlikely to be bored much longer (days/weeks).

Personally, I would love to see a classic leveraged long liquidation cascade to jump start the 2025 bull market... but this may be wishful thinking.

Anyway, GM.