Be a contrarian: Long the channel dip Price is 8.9k and a lot of people have made very bearish calls. Given the economic situation and bitcoin spx correlation, we can definately see that. That being said its important to remember last crash we spent nealy 2 months in denial of the covid situation. Even after it spread to italy and caused hundreds of deaths, market went up.. Even when a lockdown was announced there markets went up. Only till it spread to south korea did the markets start correcting rapidly. Total time from initial outbreak was roughly 2 months. It is possible for the market to be in denial for 1-2 months and a large move up can be seen. Since so many traders are calling for a crash, the markets being interesting as they are will likely not do it at that time.
