Bitcoin Pullback: When a Valid Thesis Turns Into Narrative Defense
Yesterday’s Bitcoin move was real.Today’s structure is different.In this episode, we examine Narrative Defense — the point where a previously rewarded market thesis becomes harder to revise as new evidence starts to conflict with it.The problem is not that the bullish view was wrong.The problem begins when yesterday’s validation starts receiving more weight than today’s structure.A pullback does not automatically invalidate the rally.But a strong rally does not make a thesis permanent either.Analysis asks:“What does the current evidence support?”Narrative Defense asks:“Why should my previous…
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