Raoul Pal: Position Sizing Outranks Trade Entries

Raoul Pal told @new_era_finance that most crypto losses stem from poor risk management, not bad assets, after @CryptoMichNL admitted a 70% altcoin drawdown across the last cycle.

Pal, founder of Real Vision, repeated the lesson from his $200-to-$2,000 Bitcoin trade: protection and consistency beat return chasing. The same discipline now applies to BTC price action. Price sits at $73538.46 beneath the EMA50 at $75260.25 and EMA200 at $76751.12, confirming the bearish structure, while MACD registers a bullish golden cross at -661.11. With price testing the upper Bollinger band at $75696.11 and RSI at 37.22, a measured retracement toward the EMA50 support remains the highest-probability path before any sustained continuation.