Bitcoin Said Hold My Beer

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Especially to the 85 new cousins that have joined the newsletter since our last post - thank you all who support this newsletter it means the world!

Today’s Newsletter:

💡 Cousin’s BTC Breakdown
🚩 Crypto Update
💸 Forex Update
👓 Is AI the beginning of the end?

let’s get after it! and make sure to share to a friend 😃 

Fellas,

In the last edition I’ll admit I was more bearish than usual. I gave two scenarios, dump or pump to 50K. With all the euphoria and the typical pre-halving dump I was expecting a significant flush before continuation, but we got case #2 instead. I also mentioned that when we got towards $50,000 BTC I would be expecting to see some form of distribution where that dump I was talking about would occur. I have been a long term bull since sub $20,000, but I’ll fully admit I was wrong on this one.

Taking a step back and looking over everything, I wouldn’t be surprised if we didn’t even get that flush I was hoping for to load up lower. I have been saying this since $30,000 and I continue to believe it. The majority are SIDELINED. The majority believed the ETF would be a classic “sell the news event” and for sure if your head is stuck in the 1HR time frame it was. But if you traded it like a man, it indeed was not a sell the news event as Bitcoin continued to rally putting in higher high after higher high. Additionally, the majority believed BlackRock was here to dump on us, sending price sub $20,000 again. The exact opposite has occurred and instead price has rallied and institutions have continued to buy.

So where does that leave us? In my opinion, as I mentioned above, I believe I am wrong on the idea of distributing from here. This would give too many people the ideal entries they are looking for. I believe there will be pull backs but not to the degree people are looking for in order to load up.

As I've said from the jump, I am MEGA MEGA on crypto for the year of 2024 and believe that if you are a bull this year can be life changing. We now trade at $50,000 BTC and we are no where near the levels of euphoria we typically see at cycle tops. The google searches for Bitcoin and crypto are still on the floor (see IMG) On the higher time frames, we are going higher until every last cent is taken out of Capos pocket.

• Uniswap founder warns community about ENS wallet impersonation scam (M)

• Bitcoin halving set to take place on 4/20… nice (M)

• Crypto money laundering dropped over 30% last year, here’s why (M)

• Jack Dorsey spotted at Super Bowl wearing ‘Satoshi’ shirt (@BitcoinNewsCom)

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💸 U.S. DOLLAR INDEX:

DXY is currently chopping around in the monthly bearish imbalance. On Tuesday of this week CPI data came out higher then what was forecast, which caused the Dollar to rally.

Long term I am still bearish on DXY and want to see price reach for the liquidity below. However, for the remainder of this month I am neutral and am going to need to see some confirmation before being sure DXY will seek lower prices.

Historically, DXY makes a high in march before having a rapid sell off into May. Seasonal tendencies are not guaranteed, however it is important data that showcases DXY prices over the previous 15 and 30 years.

This is another reason I am neutral for the rest of the month.

Sh*t is getting crazy

Yesterday, OpenAI announced “Sora” which is a new AI feature in which text prompts will seamlessly be converted into video. Trust me when I say the videos below are worth taking a look at because its the future whether you like it or not.

Is this just the beginning of the end? In just a couple years max it’s almost going to be impossible to differentiate via video what is real and what is made with AI. Politicians are going to be deep faked out the gate, heck even people you know might be deep faked. Siqi Chen below brings up another possible reality that is quite eerie to think about:

I won’t lie, being able to lucid dream anything you want on command will be pretty sweet regardless of the irreversible damage it would cause to your serotonin levels. Duke Dumont’s video for “I Got U” has literally came to fruition in many ways.

So this always boils down back to us, how is this going to radically change our lives for the better or worse?

• “God Told Me To Scam You”

• Jamie Dimon Is An Idiot?

• Cousin’s Bitcoin ETF Prediction

• Inject Solana Straight Into My Veins

Written by: Cousin Crypto, Gannon

Disclaimer: Heinous Pumps Newsletter does NOT provide financial advice. All content is for informational purposes only. Heinous Pumps is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. Heinous Pumps is a satire-based newsletter and should not be taken seriously.