I’ve now added the overall percentage correction from each bear-market cycle top to its eventual bottom to the chart.
An interesting pattern becomes visible:
-93% → -86% → -83% → -77% → Current cycle: ~-74%?
The total magnitude of Bitcoin’s corrections has been decreasing with each cycle.
Why can we consider this historical pattern relevant again?
Because Bitcoin has already shown that it is following the same relief-rally structure seen in previous bear markets. In previous cycles, these structures were eventually followed by major bearish continuation.
That major bearish continuation has not happened yet in the current cycle — it is what I’m expecting based on the historical structure.
There is no fixed number for how much the total correction decreases from one cycle to the next, but historically we’ve seen reductions of roughly 3–5 percentage points.
If the current cycle follows a similar progression, the total correction could potentially be another 3–5 percentage points smaller than the previous cycle, putting the current cycle around ~74%.
A ~74% total correction would point toward the $31K area.
However, we don’t know the exact percentage in advance, so rather than focusing on one precise target, I’ll be watching $31K–$27K as the broader potential bottom zone for this cycle.
The more I look around, the more convinced I am that this is the scenario 90% of people are positioning for.
"Just fill my long first, then pump."
It feels like we're at that stage of the cycle where everyone is trying to play guru and catch the macro bottom, even though the cycles are shifting.
We saw a new ATH before the halving for the first time in Bitcoin's history. We're also seeing cycle bottoms form progressively sooner. Likewise, this cycle appeared to top earlier others. These are meaningful structural changes that a lot of people seem to dismiss because they expect every cycle to follow the same 4 year pattern.
I think a lot of people are going to learn this lesson the hard way. The obvious trade is rarely the one that pays, and catching the exact bottom has never been as straightforward as people make it out to be.
ZEC appears to be repeating the same market structure on a much larger scale.
Structure 2 is developing as an expanded version of Structure 1, following the same sequence of impulsive rallies, relief bounces, and prolonged bearish continuation.
If this repeating fractal continues to play out, the current market should be viewed as part of a larger distribution and decline rather than the beginning of a new bullish cycle.
Eine Sache, die mir aufgefallen ist, wenn ich nachträglich alle großen $ZEC -Rallies Revue passieren lasse:
Im Jahr 2017, als ZEC von etwa 20 $ auf nahezu 900 $ stieg, war die Stimmung fast identisch mit dem, was wir heute sehen. Twitter, Foren und Influencer wurden überwiegend bullish, mit Kurszielen von 2.000 $, 5.000 $ und sogar noch höheren. Der vorherrschende Glaube war, dass das Rallye-Geschehen gerade erst begonnen hatte.
Das gleiche Muster wiederholte sich in späteren Zyklen: Während der Kurs anstieg, wurden die bullishen Narrative stärker, höhere Kursziele wurden häufiger, und die meisten Menschen erwarteten, dass der Aufwärtstrend weitergehen würde.
Nach jeder großen Rally stürzte ZEC schließlich um rund 95 % gegenüber dem Zyklus-Hoch ab.
Heute sehen wir wieder dasselbe Verhalten. Extreme bullish Kursziele sind überall zu finden – genauso wie während früherer ZEC-Rallies. Die Geschichte muss sich nicht exakt wiederholen, aber es lohnt sich, sich daran zu erinnern, wie die Stimmung vor den vorherigen großen Rückschlägen aussah.
BLUR appears to be moving through its favorite repeating structure, highlighted on the chart.
It looks like the price is completing the same pattern on a smaller scale while simultaneously building an identical structure on a much larger timeframe. If this fractal continues to develop, a strong relief rally would be a natural next step to complete the larger formation.
This is why I’m expecting a recovery toward the $0.10–0.13 resistance zone before the broader bearish trend potentially resumes.
$HYPE has reached the $58 sell zone exactly as expected and has already dropped over 4% from the local high.
A move toward $63 cannot be ruled out, but even if it happens, it would simply provide another opportunity to expand our short positions at better prices.
As long as the overall structure remains intact, I continue to expect bearish continuation toward the $41–45 target zone.
This update is more of a warning than a sell signal.
The current +30% rally looks more like a relief rally before bearish continuation, rather than the start of a new impulsive uptrend. Many traders may be experiencing FOMO, expecting price to repeat the previous explosive rally, but from a structural perspective, this move appears to be driven more by short-term liquidity and market psychology than by genuine strength.
As shown on the chart, the current recovery is developing in a corrective manner, closely resembling a typical relief rally that often occurs before the next leg lower. If this structure continues to play out, I expect bearish continuation toward the $0.02 area.