TL;DR The bounce came as China’s factory data showed only mild growth, providing background support, while a stronger dollar and thin market depth limited additional upside. The whole 9 yards of 💩 By The Royal Flush Bitcoin just staged a little “we’re not dead yet” moment, wriggling back above $75,000 after a cheeky slide that felt more dramatic than it needed to be. The scene was classic: a sharp dip, then a cautious nose-dive back up as traders sprinkled in a dash of hope and a fistful of nerves. The chorus line? Thin liquidity, which is basically city planners describing the subway during rush hour: everyone’s packed in, nobody’s sure how long this ride lasts, and every sneeze signals a small earthquake. It’s exciting, yes, but you don’t want to live here unless you like your volatility with a side of adrenaline and a lot of caffeine. The bounce didn’t happen in a vacuum. Background support came from China’s factory data that showed only mild growth—not a roaring engine, jus...
Ignorance is not a strategy.