$BTC This is exactly how bottoming structures tend to form.

In previous bear markets, price repeatedly swept the highs while leaving the lows untouched. That made it difficult to enter shorts and convinced participants that longs were the safer trade, which is exactly why I was short.

This time, price is repeatedly sweeping the lows, creating fear around entering longs and pushing participants to target lower prices. That doesn't necessarily mean the bottom is in, and further sweeps are still possible.

It's also why I'm long and targeting higher. I remain long. Keep shorting.