BTC's current cycle basically follows a pattern:

1. First, there is a surge.

2. The momentum stagnates and starts to consolidate.

3. There are often false breakouts that return to the range.

4. A downward sweep + false breakdown of the support area.

5. Re-establishing the range and then pushing higher.

The key to whether this trend can continue is the re-establishment of the range after each breakdown. If the price takes a long time to reclaim the range, it may indicate a significant trend change. Therefore, waiting for a downward sweep + recovery confirmation signal is perfectly fine.

I will continue to observe whether this time follows the same script. Generally speaking, after each BTC breakdown, the market sentiment becomes particularly pessimistic, and this sentiment is already quite evident now.

Over the past two and a half years, this script has played out about 6 times. Even though people noticed this pattern in the first two or three instances, it still happens every time. $BTC $ETH $SOL #BNB创新高 #杰克逊霍尔会议 #美联储7月会议纪要