Cutting my BTC continuation long here at 65K for a loss. After capturing the move from 76K to 87K, we unfortunately failed to hold the range. That invalidates my thesis for this being a continuation long. We’re now 26% down from the highs. This is clearly more than a typical bull market retracement; it looks like the final leg of the Q4 move. The only position I’m holding now is my long from 62.6K, which I’ll hold until invalidation. I’m also holding all of my spot from 69K. I’ll look for potential long re-entries lower as I close this position. For now, I’m waiting. This is my first loss on a swing since the 123K short. The end of an era, but there will be plenty of trades ahead to capture strong moves. I’m confident despite this setback. I don’t think any of us expected such a violent retracement after a weekly HH. This is also shaping up to be a longer bear market than 2018 or 2022, so we’re clearly seeing something a little different this time.