$BTC Talking about historical patterns, it will be interesting to see how long the monitoring of this downward trend price action will continue, especially when compared to the price action of 2022. Imagining the same price action being able to replicate 1:1 before the cycle lows is difficult, but it remains worth watching over the next few weeks. As explained a few days ago, we are now in a critical area of this bar pattern, where understanding whether the price action will decouple from it will be key.

At this stage of the previous cycle, BTC experienced a 30% decline, then consolidated around the same level, and in the following weeks, dropped another 30%, as shown in the chart above. The chart also hints at a local bottom, possibly aligned with the 63K-60K range, before pushing towards the 70K-75K range. If following the same bar pattern, the price will likely be rejected again here.
Not to mention, this has always been our resistance zone, even without the bar pattern. That is, BTC has not yet formed a 3D divergence. If it tests the 70K-75K range again without divergence, the probability of rejection in this area will be higher than if divergence had formed before testing that zone, because such higher timeframe (HTF) divergence creates a more solid bottom foundation. #比特币反弹