Bitcoin’s déjà‑vu descent looms
$BTC, ETH – The chart is retracing the exact 2022 bear‑market geometry, with a relief rally that feels more like a false flag than a genuine reversal. My angle is that the 4‑year cycle is still dictating price, and the current upward wiggle is a classic trap.
🕸️ The on‑chain metrics show diminishing accumulation and a widening supply‑side imbalance, suggesting a bearish bias despite a few days of upside. Even if a short‑term bounce to $71k materialises, the broader momentum points to a continuation toward the $48‑55k corridor before any credible recovery. I’m more convinced of a down‑trend than a fresh bull phase.
⚡ The decisive test will be whether price can hold above $48k; a slip below will likely hand the next leg to the bears.
⚠️ Personal analysis only. Not financial advice. DYOR