Slow bleed before the big dipper

I have no basis for what I'm about to say other than gut feel from staring at charts for the last 7 years - we're headed for a big draw down imminently (in the next few days).

BTC price has been flirting with 60k and inching ever downwards ever since the bounce off 56k. There doesn't seem to be enough buy pressure to sustain this level and I expect we're headed for 10-20% flash crash before stabilising.

I think after that we'll go gradually upward for a few weeks before picking up momentum as people slowly regain their confidence.

Just committing this to text so people can laugh at me when I'm wrong because I get off on that sort of thing.