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I expect crypto to see a few fairly bullish weeks heading into February/March. There’s a real possibility Bitcoin pushes into the $105,000–$106,000 range before the market rolls over and makes new lows later in February or March.
Because of this, I’m doubling down on my Bitcoin long trade. If the move plays out as expected, this could be an absolute banger over the next few weeks.
I also anticipate strength in ETH and other altcoins during this period. For now, the focus should be on longs rather than shorts.
That said, this bullish momentum is likely to be short-lived. While the short-term outlook is constructive, I still expect more downside later this year.