Of course, a naive linear/ deterministic mindset will always struggle with the mapping out of various possibilities aka risk management. The paradigm is strong.😎
Reminder: BTC is in a secular bull market. Don't confuse realism with bearism.🙂
Perceptions are relative. When you're used to seeing hyper-bull posts, realism will *appear* bearish. The reality though is realism is bullish... even with consolidation.
The LGC represents both this secular bull market and the wall of worry that all bull markets climb.
The flaw of hyper-bull posts was the suggestion that it would all be a walk in the park.
The dynamic of this market is starting to now look qualitatively different. What was before an idea [due to increased liquidity and a maturing market] is beginning to be confirmed in the price action. All good.
The point of this post is that, from the macro perspective, even if we were to see an extended consolidation from here this need not be though of as a 'bear market'. That kind of outlook [fear] belongs to a more immature phase of the market along with talk of mulit-year cycles.