BTC Bear Market Cycle Thesis‼️
$BTC
In real-time analysis, the likelihood of a bear market scenario still remains very low, primarily due to one key factor: depth and time of the macro degrees.#BTC has never started a bear market with a diagonal. Most of the bear markets have started their actionary waves (1 or A) with a sharp blow-off top. For now, the move down was met with incredible resilience and controlled overlapping waves making it more evident as a complex correction.
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For a true bear market to truly unfold, it would likely require a complex corrective structure (WXY) to generate the necessary depth and momentum.
A simple zigzag (ABC) pattern, as shown, will most likely lack the capacity to produce any achievable depth to be considered a bear market.
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