Bitcoin and crypto markets are stuck

Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)

I like big butts and I can not lie

You other brothers can't deny

That when a girl walks in with an itty bitty waist

And a round thing in your face

You get sprung, wanna pull up tough

'Cause you notice that butt was stuffed

-Sir Mix-a-Lot

Troll’s Granny:  Is anyone there?

Publsh0x Troll: Hey Granny I’m here, what happened?

Troll’s Granny: I was doing laundry and I got stuck in the washing machine. Help me out!

Publsh0x Troll: I’m trying but I’m not strong enough!

Troll’s Granny: Get that fat Panda friend of yours!

Panda:  Well, well what do we have here?

Troll’s Granny: Don’t get any funny ideas! Just get me out!

Panda: Then why are you in your undies?

Troll’s Granny: I put everything in the washing machine. What are you doing back there Panda?

Panda: There’s too much friction. I’m going to have to oil you up!

Publsh0x Troll: Aaagh! What are you doing with my Granny Panda?!?

Dear readers I won’t insult your intelligence and I will spare you the gory details.

You’ve watched enough websites that rhyme with hornpub to know how these predicaments end.

But what about the crypto markets?

Bitcoin did a good job sticking to the $30,000 level for a while but look at it now.

It’s been stuck in a relatively tight range for what seems like forever.

It dipped close to $25,000. I hope that level can act as strong support.

It recently made a stab at $27,000 and got smacked back down.

It’s a sad state of affairs when $27,000 is a cause for celebration.

Crypto markets are unforgiving to both traders and investors. Don’t let the gyrations of the price action lull you into a false sense of security.

If you get stuck in a narrative that doesn’t pan out, no one will save you.

Creepy scammers and tax collectors are standing around waiting to give your innocent rear end a brutal pounding.

They don’t even have the decency to use a nice lotion to smooth the reaming.

I suppose folks can learn to take a small portion of their portfolio to buy at support levels and short at resistance levels on shorter term timeframes.

It’s a shame we haven’t seen pumps like in 2021. Those were the days!

I really miss when Bitcoin would just jump up or down $1,000 effortlessly.

Of course, I would prefer that Bitcoin make a series of big green candles.

Let’s hope an approval of some Bitcoin spot ETFs can help lubricate the price action. Imagine if Celsius, FTX, and Genesis were to return money back to their rightful owners.

That could unstick some funds that could go into Bitcoin and other crypto.

We can all use some relief!

Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.

Be sharp, stay hungry let’s get that money!