Zoom out and BTC is in a downtrendBitcoin / TetherUSBINANCE:BTCUSDTantonini2002It's easy to get lost on mixed news and the YoY increase (although diminishing returns) and baby jumps over the last day or two. The big picture hasn't changed much! The trend and profit taking has weakened and the move to the bottom is very real. The S&P is held together by a few big tech companies - AI bubble - holding about 30% of the basket. This level of concentration is unprecedented. Noting that some are praying that cutting interest rates will fix the problem. The issue is way bigger! The US cannot keep this level of debt for much longer and all the cracks are showing. Historically, bad things happen in September and using PE / CAPE ratios among many other metrics, things are not looking good. BTC may go up, but not in a straight line. It still doesn't solve any real problems, increasing at a decreasing rate, and high transaction fees. Proceed with caution and this time it's not different, the only thing different is that it will drop harder! Best of luck and always do your own due diligence....