Strategy looks to be forming both a long-term and a short-term bottom after falling 75% from $450, with sentiment across crypto awful. Price is compressing just under a smart-money discount zone, a structure that has marked long-term bottoms about 65% of the time, and about $4M of October $130 calls traded. That points to a roughly 50% move higher into late October or early November, with a decent chance of rejection on the first test; a full return to $450 could take up to 24 months. x.com
