WHETHER OR NOT A MINI UPTRENDS SEASON

In the context of new cash flow not appearing, we clearly have two immediate answers: downtrend or sideways market (immediately eliminate the big up option).

So how do mini uptrends appear? Why does it appear? IS $BTC CURRENTLY IN MINI UPTRENDS? Is this the peak of mini uptrends?

From the perspective of technical analysis, mini uptrends are a rebound in a large downtrend cycle.

It occurs when a state of oversold and panic in retail exhaustion (remember#FTXand $LUNA) triggers long-term investors to close their short positions and the price attracts investors. new hand and maybe the seller himself reverses from selling to buying (only creation can do this).

BTC is currently in a cycle of recovery waves, which is also a cycle of mini uptrends (obviously not big up, not going sideways). In essence, a long-term movement always carries a cycle of accumulation and distribution. The accumulation phase is over in panic and fear and $BTC has moved a fairly long distance x2 from the bottom.

So is this the peak of mini uptrends or not? Please give yourself the answer. One day I will write about this topic!!!

SIM AMIP SENDS GREETINGS!!!