It's ironic how everyone abandoned the M2 indicator because they were watching it on the lower time frame.
I expected that at $120,000. When a macro top pattern forms, do you really think the conditions will perfectly align for a short trade? Of course not. The lagging correlations are precisely designed to disrupt your timing. The M2 indicator is effective, but you used it incorrectly. As we approach a macro top, more liquidity flows in. Everyone thinks: "Oh my God, money is flowing into the markets, and the price is rising."
Wrong. It's actually liquidity flowing out.
In every cycle, the price of Bitcoin peaks before the M2 indicator. By the time the M2 indicator peaks, the price of Bitcoin has already dropped by 30-40% compared to previous cycles.
That's exactly what happened in this cycle. I pointed this out well ahead of the drop, which is why I had taken short positions. When the M2 indicator starts to decline, there is a acceleration in the downward trend, just like in every cycle from a macro perspective. High-frequency trading is the foundation. Yes, economic cycles will eventually decouple, but not this time.
Please follow up
$BTC #BTC #2m