We are now 24 days away from the midterms. Historically, BTC has reacted negatively afterwards in 3/4 instances. My view therefore remains unchanged: any meaningful de-risking is more likely to begin after the midterms rather than before them. I do not expect a new bear market low. However, I do expect a higher low to form after the midterms, potentially an important established low before the next leg towards new highs. There are two main scenarios I’m observing 1.) BTC pumps into the midterms, followed by a 10%+ correction afterwards. 2.) BTC sells off into the midterms, then begins trending higher shortly after. A lot of my trading is about mapping out potential scenarios in advance, then reacting accordingly when the time comes.