It rhymes with history but doesn’t repeat. For the remaining three months’ slow, creeping slide—I’ll pick a side, but for now I’ll stand by and watch.

$BTC As expected, May closed red.

This was the 6th red monthly candle since the beginning of the current bear market.

For comparison, the 2022 bear market printed a total of 9 red monthly candles before BTC eventually found its bottom.

If this pattern repeats, it would suggest that the market could still have 3 bearish months ahead of it.

Of course, history never repeats perfectly, but it often rhymes.

From that perspective, there is still room for further downside and a sweep of the remaining lows remains firmly in play.