When prices are rising, technical analysis and charts are useless, because empiricism can’t predict the irrational peak of leveraged sentiment.

When prices are falling, technical analysis and charts instead seem valuable, because the historical process of deleveraging is always strikingly similar.
This has been reflected multiple times in the BTC 120k to 60k path we experienced and in the leverage-cut (slash) trend. For this round, many of those around me who managed to avoid being caught in the leverage-cut (slash) were once burned during BTC 100k to 80k—learning from the experience—and then reused this experience from the downturn trend.