The truth is, People want to believe it’s over before it actually is. After being down for so long, most naturally gravitate toward whatever short term price action is showing, usually optimism after the first strong bounce. The reality is that market structure almost encourages this behavior. The more participants believe the bear market is over, the more liquidity enters the market. Historically, markets spend months ranging before true expansion phases begin. This cycle will likely be no different. Ranges allow larger players to scale large positions and build leverage before the next major move. What we don’t see are instant recoveries. People want to make back everything in one trade, but markets rarely work that way. The market chops, ranges, and exhausts participants long before the next real expansion begins. Most get shaken out emotionally or financially before the larger move finally arrives. Range. Capitulation. BTC(Killa)