BTC The last short...October is historically a bearish month for the stock market, but a supposed bull period for crypto defined by many as Up-tober.
Because bitcoin is more so related to the global markets now than ever, and overly bullish sentiment may give the bears an opportunity to capitalize on liquidity, as well as potential uncertainty leading into the American elections.
This may be the last chance to buy Bitcoin before the real bull market begins. A drop below the previous low of GETTEX:49K would not only trigger massive fear, but likely many stops that can flush the price straight into the mid 40k zone of liquidity.
In other words, the gap at approx $50 on SBIT may be where liquidity sits, before entirely dumping back down to new lows.
This would be an overall good hedge to my portfolio this month.
