Current sentiment reminds me of when we were at $95K in January. To begin with the whole timeline was bearish, but as
$BTC crept above $90K more and more bears were converted into bulls only for them to be destroyed end of Jan/Feb.
Now it feels like we are in a similar environment. A lot of people were short at $79K but as
$BTC moved above $80K more and more bears have started to long.
I wonder if the same playbook will occur, we could keep pumping/euphoria could continue to build for a few more days but I expect the same outcome to occur and we probably make a new cycle low.
May be wrong though, time will tell.