$BTC in 2022, we had 4 major 'leg down' corrective moves.

A reminder when reading my posts: price creates narratives (always remember this).
For those who understand price, this means we saw 4 periods of 'complacency' bounces (fake outs) before the macro trend continued lower. We can classify these as bear flags / pennants / wedges before continuation lower (the trend is your friend) until price shows us something different (change of character or market structure break).
It wasn't until the fourth corrective wave, before price started to find a bottom on HTFs (clear support and resistance forming) with a large liquidity sweep (distribution) below the range at the end of 2022. Bottoms form when sellers are exhausted and price shows 're-accumulation' and bottomed out trending indicators cross back bullish.
Right now we are in corrective wave 2 of this bear market, and we are still struggling below the important 0.5 of ~70.8k. This could last weeks, this could last days, but I'm fairly confident we still trade back in the 50k region if not possibly lower in the coming weeks / months.
Why? HTF charts still show massive weakness to the downside, Stochastic on Monthly and Quarterly still heavily favouring lower and it takes SERIOUS TIME (months) for us to form actual bear market bottoms.