Minus 150 billion in market capitalization – the result of the overnight dump.

Although even in this situation, a positive moment can be found: we have finally emerged from the tedious trading range, and now we can open the charts again.

By the way, when opening charts on higher timeframes, it is Bitcoin that should be analyzed; it makes no sense to open altcoin charts. Overall, for the future: analyzing altcoin charts makes sense only locally, when a participant appears during the day or when dominance is significantly reduced.

Returning to the Bitcoin chart. There is currently a frequent pattern of testing the lows of the trading range – breaking through the lows amid complete apathy and panic. There is no positivity; the crowd is demoralized: no one wants to buy back, and on the contrary – even the most faithful are now ready to sell their bags.

Why? Because Bitcoin is showing a frightening chart: a break of the lows/break of key levels and a downward exit from the range – something that retail fears the most. However, based on our experience, it is often at such points that a reversal begins.

We are waiting for the weekly candle close. If we see a close above 90k, we can confidently assert that the market has found its bottom.