BTC It’s honestly funny to me how people can look at this chart and confidently say that the bottom is already in. There are still so many factors suggesting that the bear market likely isn’t over yet. Most importantly, the macro downtrend still hasn’t been broken. That only changes if BTC manages to reclaim the previous high around $97k. On top of that, we still have a massive HTF resistance zone sitting right above price that needs to get reclaimed first. This area lines up with multiple bearish confluences, including the 200D EMA, the 200D SMA, the Golden Pocket of the recent down move, the yearly open and the weekly FVG. And one thing that is still missing entirely is repeated sweeps of the lows, something that has historically been a key characteristic of bear market bottoms. The same goes for true capitulation. Instead, sentiment is already turning bullish again despite us being only around seven months into the bear market. To me, this still looks far more like a relief rally inside a broader downtrend than the beginning of a new bull market.(Max Trades)