BTC-USD - Bitcoin

Bitcoin is breaking a key trend line but Gareth notes it is still holding up well, making higher lows and potentially forming bullish consolidation (flagpole, sideways consolidation, breakout potential). He covered his Bitcoin short for a small gain and is now sitting in cash, waiting for a high-reward, low-risk setup with a 75-80% probability edge.

Refuses to invest in Bitcoin because it is outside his circle of competence; if Bitcoin dropped 50%, he says he would not know why.

Sees bull flag pattern; currently mostly out with small short, waiting for a breakout above resistance to turn more bullish.

Despite short-term bear flag risk, Gareth is a long-term Bitcoin bull and would buy on a pullback to the $66,500-$67,000 zone, where the 61.8% Fibonacci retracement aligns with a major pivot high. He may be early if the bear market isn't over, but considers it worth a swing trade.

Bitcoin is mentioned as an asset that went up due to dollar weakness, but no explicit investment recommendation is made.

Gareth is short Bitcoin near-term, expecting a drop into the 73,000-75,000 range. He reduced some of the short today but still holds a position. He will consider going long only on a decisive move above 70,000.

Called the drop to 60k; now bouncing/getting legs; trades Bitcoin but does not hold it as a long-term wealth asset; use supply/demand on both sides.

After a powerful rally, three-bar surge exhaustion and hidden trend line resistance suggest a pullback. Gareth sold long positions and entered small short positions expecting a retracement to Fibonacci zones around $73k.

Bitcoin is near the one-year mark of its four-year cycle, has broken out of its downtrend, and is expected to start ripping off the bottom base.

He sold 80% of his crypto position; believes Bitcoin hasn't made a cycle bottom and is due for a bear market rally before potentially falling again.