$BTC is printing a setup that looks eerily familiar.
The current structure lines up almost perfectly with Q3 2022. Same chop, same fakeouts, same grind right above major support before anything decisive happens.
If history rhymes here, the next move is a relief rally this week. Shorts get squeezed, momentum pops, and everyone calls the bottom. Then comes the real test. A push into that relief move, followed by one more drop to print a new cycle low.
That is how it played out last time. First the bounce to reset sentiment, then the final flush to clear leverage.
Right now the market is coiled. No strong conviction either way, just waiting for a trigger. Watch how BTC reacts into resistance during this week. If we get that relief rally, do not get caught thinking the bear is over. The structure suggests one more leg down after.
Stay patient, manage risk, and let the chart confirm before you commit.
The current structure lines up almost perfectly with Q3 2022. Same chop, same fakeouts, same grind right above major support before anything decisive happens.
If history rhymes here, the next move is a relief rally this week. Shorts get squeezed, momentum pops, and everyone calls the bottom. Then comes the real test. A push into that relief move, followed by one more drop to print a new cycle low.
That is how it played out last time. First the bounce to reset sentiment, then the final flush to clear leverage.
Right now the market is coiled. No strong conviction either way, just waiting for a trigger. Watch how BTC reacts into resistance during this week. If we get that relief rally, do not get caught thinking the bear is over. The structure suggests one more leg down after.
Stay patient, manage risk, and let the chart confirm before you commit.