Part 12/17:
Transitioning to cryptocurrency markets, Lynn provides a technical overview of Bitcoin. He observes both bullish breakouts and downturns, highlighting the asset's consolidation phases. Lynn emphasizes that excessive leverage contributed to recent liquidations—highlighting the systemic risk inherent in highly leveraged trading.
He examines various technical indicators, such as the "Spent Output Profit Ratio" (SOPR), noting that a dip below 1 signals capitulation or potential market bottoms. Recent corrections have bounced off critical support levels, affirming his long-term bullish outlook.