Bitcoin doing exactly what we expected here.

You love to see it.
But throughout my experience I have learned one thing.
Stay rational and grounded, especially when things go your way.
Right now there are a lot of opposing voices on this app with bears doubling down and bulls getting excited.
But we must understand one very important thing here that differentiates Bitcoin from any position it has ever been in.
Back in 2022, once Bitcoin lost HTF structure, it never recovered it again.
That was a true bear market.
This time, we are potentially going to reclaim HTF structure, and we need to wait for the weekly close which we want to be above $74,400.
If we do this, it will be the first time Bitcoin ever reclaimed its HTF structure, within a deviation, after losing it.
This is the expanded flat I have been talking about for a while.
And that reversal pattern is incredibly aggressive.
There are also a lot of other very important differences here that separate the chart, which is why, macro matters for context and to provide us with a broader view of what is coming next.
Right now we have:
- Stocks making new highs(doesn't happen in a bear)
- Banks offering their own ETFs
- Saylor buying double the mined supply this year
- Clarity act in process
- Business cycle in expansion
As well as small cap stocks, small cap financials, US liquidity and PMI all expanding.
Again this was not present in the previous bear markets.
This is because, in my view, this is not a true bear market.
It is a mid cycle correction... Bitcoin has had one every cycle, and 50% is very normal.
4 year cycle guys will tell you that things other macro data is irrelevant.
They couldn't be more wrong, and I simply dont understand how any so-called professional analyst can hold that view.
And they will find out the hard way.
But, for now, we wait for weekly close and get our confirmation.
If we close back in HTF structure there is no doubt in my mind that the bottom is in.