SUCH a critical moment on #Bitcoin $BTC !! Price AND RSI right at the MA about to break down! This could help trigger another drop through the macro .5 support at $64.4k.
Still have the same lower targets around a double bottom at ~$60k. Could see a short-term bounce from that level to test the $64.4k break. After THAT is when #BTC has the possibility to reach that .618 support at ~$52.2k!
Bitcoin is on pace to print its 6-monthly red candle in a row.
This only happened once in history (2018–2019), and it marked the bottom.
3 out of the last 4 bear market recoveries began in March.
And we just saw an aggressive bounce during peak war headlines.
Not saying that was the bottom, but…
There were multiple reasons for BTC to nuke over the past few weeks, and it didn't. 10 times out of 10, when the price stops reacting to bad news thats an indicator for an obvious move up. $ETH
$BTC BITCOIN IS REPEATING THE SAME TOP STRUCTURE AGAIN
Most will ignore it. Most always do.
Here’s the rhythm you need to see: • First ATH → euphoria • Second ATH → distribution • Sharp dump into support → panic • Small relief rally → false hope • Then the real trend reveals itself
We’re in the relief rally phase. Not strength. Not a new leg up. Relief.
This is where: • Bears go quiet • Bulls get confident • Late longs get trapped
After this? Price teaches the lesson.
I’m not predicting. I’m reading structure.
Markets don’t reward hope. They reward preparation. $ETH