Nzrocky
Be careful with invalid bottom indicator
A lot of people are getting excited about Pi Cycle Bottom flashed, but when we check the price, it looks like Pi Cycle Bottom may be invalid this time Why? Because the price is higher than $17592, makes no sense to me. By the definition, bottom would be lower low, it can't not be higher than previous low. I will be very careful here, unless we see new low Come back to on-chain data, this is how they manipulate the market. It looks like they abandoned USDT, price action is completely dominated by USDC. I wouldn't be surprised if price rebounded the day after the CPI data released, they are too eager for exit liquidity in my eyes