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BTC monthly average K-line is about to produce the first bullish candle since the bear market began...
Don’t get too happy yet; during the bull market, it took three instances of the monthly average K-line closing bearish before reaching the top. Currently, it looks more like the first valid rebound in a bear market followed by a continuation of the decline...
On the other hand, the current market structure indeed resembles late 2019. If we insist on a rigid analogy, the current time point is late January 2020.