[PA Perspective] Powell Turns Hawkish, But BTC Chart Is "Quietly Accumulating"? (Includes M5 Detailed Diagnosis)

1. Macro Headwind
Powell signals a hawkish stance, with liquidity expectations sharply tightening. This is undoubtedly a short-term bearish shock for cryptocurrencies.
2. Chart Diagnosis (PA Chart Diagnosis)
Although the fundamentals are bearish, if we carefully analyze this M5 price action chart (as shown), we will find some very interesting signs:
· Bear Trend: The left half of the chart clearly shows a strong decline driven by a series of consecutive bear trend bars. At that time, the bearish sentiment was fully realized.
· Wedge Bottom & Final Flag: At the bottom of the chart, we notice a downward-sloping wedge.
Al Brooks' theory tells us that wedges often indicate Trend Overdone, and a reversal is imminent.
· Trading Range: After the bottom reversal, the price entered a sideways trading range (EMA 20 line begins to flatten). In this range, bulls and bears battle intensely, neither side can dominate.
· Current State: Looking at the right side, the slope of EMA 20 begins to turn upward. It is currently at the upper boundary of the range, battling.
After bearish news, the market did not see a new bear outpouring, but instead held the pullback. This indicates strong buying pressure at lower prices.
3. My Take
In PA theory, "The strongest part of a trend is often near its end." Powell's hawkish remarks, could they be the trap that causes the last batch of bulls to despair and sell off? From the M5 chart, institutions are accumulating strength at lower prices.
My strategy is: look for bullish signals when EMA 20 is supported, targeting higher points ahead. With 10x leverage, I will strictly maintain small positions and not act until a strong setup appears.
4. Interactive Question
Given this M5 chart and macro bearishness, if it were you, would you choose:
A. Continue breakout selling on bearish signals
B. Position for reversal buy near the wedge bottom
Feel free to leave your PA reasoning in the comments!