Everyone’s calling this a recovery bounce, but the structure still feels heavy.

$BTC keeps printing lower highs while liquidity builds underneath every support zone. That’s usually not the kind of behavior you see before a clean breakout.

I still think this market has one brutal shakeout left before the real cycle begins.

Not because Bitcoin is “dead” — but because markets love maximum pain before direction becomes obvious.

My roadmap for now:

$77K → $73K → $70K → $64K → $52K → possible capitulation near $47K.

If that scenario plays out, panic will return fast, influencers will flip bearish again, and late longs will get trapped exactly where they felt safest.

The scary part?

A final dump like that would probably convince most people the bull market is finished… right before the next expansion phase quietly starts.

Bookmark this post now.

The next few weeks could decide the entire market structure for the rest of the year.