$BTC Let's look at what we have here:

We swept the previous low at 74.9k and retested the Weekly Kijun-Sen following a bullish crossover. This is also where we have the Wave B of this Total 3 Harmonic Pattern.

The last impulse towards the upside was our HTF Wave 1, and we're now retesting the Wave 2 levels and have already tapped into the Monthly Bullish FVG here.

Ideally, this retest should complete somewhere inside the 0.382-0.5 Fib region (76k-72k), as we don't usually see deep corrections in an impulsive trend.

Now obviously, it goes without saying that we have a lot of confluences stacked up here. And if we have indeed bottomed out, there's really no reason for us to lose this 74k-72k region.

Historically, Bear Markets have usually lasted around 365 days. This time, we bottomed out in just 266 days.

We did bottom out earlier than usual, but the standard 365-day window has also passed now, with us currently running on day 392.

I see no reason for us to break below this 74k-72k region unless we're heading into a prolonged Bear Market, which doesn't seem likely at this point.

This slow bleed to the downside (5 Consecutive Bearish Weeks) is going to be retraced quite quickly once we start pushing towards the upside.

MMs chase liquidity, and they've already taken out most of the liquidity towards the downside. Now, liquidity is stacked towards the upside, while the leading market sentiment is Fear.

To me, this seems like a page straight out of the same playbook they've been repeating for ages.