Since bitcoin bottomed in July, front running the October bottom. I’ve thought we are now in some resemblance of Q1 2023, and maybe nearer to February and March. In Q1 2023, the fed raised 25bps twice in Feb and March, SVB collapsed and bottomed just below $20,000, with the cycle low being around $15,500. A similar occurrence, try and test the cycle low, not get there and then carry on the bull market.