$BTC Until now, this cycle is very similar to 2022.

The main difference is volatility, deviations, and market manipulation.
This cycle produces much larger movements above and below key levels. For example, in the previous cycle, BTC hit an all-time high and then quickly retraced.
This time, the price spent 60 days oscillating above $108K before finally moving lower, creating a much longer distribution range.
We also see significant lows at $28K in the last cycle. After that level was broken, the price never returned to retest it until the bear market ended.
The cycle equivalent appears to be $74K lows.
The main difference is that BTC previously deviated aggressively above that area, trapping and shaking a large number of participants.
As a result, deviations around major high and low levels have become much more aggressive in this cycle.
If this pattern continues to follow the previous cycle, it would indicate that the bottom is most likely near after the dip below 60K.
However, given the increased volatility, we should also be open to the possibility of deeper and more gradual deviations than those in 2022.
Anyway, my outlook remains unchanged.
I am a buyer at this level because I believe the current cycle is approaching the bottom, and the next major cycle will begin once this process is complete.
A few months of pain/uncertainty have already driven people crazy.