Technical analysis by ChiefMacro about Symbol BTC: Sell recommendation (7/10/2022)

Just perusing the internets and tweeters and airwaves and I have noticed some apparent bullish sentiment in crypto.As such, I thought I would take a moment to provide an update to our coverage of crypto. My thought: don't get too excited down here. Bitcoin has responded negatively to interest rate hikes and the impending liquidity crisis developing around the world. Could we get a bounce here? sure. Is it the bottom? doubtful.Think about this: bitcoin is -70% from ATH. What would it take to return to ATH? How much buying? Why would that ever happen, before seeing a recovery in other asset classes? I suspect any remaining crypto bulls, from this point further, are acting from an emotional, political, or just flat out ignorant perspective. Take care & God bless!