Wisp

$BTC I still don’t believe that this bear market is over. I admit that things currently aren’t looking great for bears, but there are still many factors that lead me to believe that the bottom isn’t in yet. For instance, if you look at the 1W timeframe, it becomes very clear that we’re still in a macro downtrend. And that won’t change unless $BTC breaks back above $97k. Aside from that, price is also approaching a major HTF resistance level that aligns with the Golden Pocket as well as the yearly open, meaning there’s still significant resistance sitting right above. But what strengthens this belief the most for me is that sentiment is heavily starting to flip bullish again, while huge amounts of liquidity continue to build below. This is something we’ve seen many times in the past, and it usually ends with a rapid correction that wipes out all the upside within a short amount of time. Of course, I could be wrong, and the bottom may have already formed only 3 months into the bear market. But as long as HTF structure doesn’t flip bullish, my bearish bias remains.