Currently, the market is repeating a pattern very similar to the 2022 period when BTC was preparing for another deep drop.
1) USDT.D is at a major resistance zone • If USDT.D breaks above, the likelihood of BTC returning to the 40–60K range will increase significantly. • And just like in 2022, usually the minor trendline of USDT.D will break first, causing BTC to bounce once more (creating a final lower high) → after that, USDT.D will make a strong breakout, dragging BTC down below 70K.
2) The pattern repetition is very clear Looking at the USDT.D and BTC charts, the similarity to 2022 is almost "copy-paste," so this is a signal not to ignore.
3) The major trend is still down Therefore, I'm still limiting Long positions on higher timeframes. My current scenario: • Wait for BTC to push one more short-term leg, • Then the market may reverse → creating an opportunity to observe and react when the price returns to a lower range.$BTC $GT $ETH
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🖥 BTC Update - Overview
Currently, the market is repeating a pattern very similar to the 2022 period when BTC was preparing for another deep drop.
1) USDT.D is at a major resistance zone
• If USDT.D breaks above, the likelihood of BTC returning to the 40–60K range will increase significantly.
• And just like in 2022, usually the minor trendline of USDT.D will break first, causing BTC to bounce once more (creating a final lower high) → after that, USDT.D will make a strong breakout, dragging BTC down below 70K.
2) The pattern repetition is very clear
Looking at the USDT.D and BTC charts, the similarity to 2022 is almost "copy-paste," so this is a signal not to ignore.
3) The major trend is still down
Therefore, I'm still limiting Long positions on higher timeframes.
My current scenario:
• Wait for BTC to push one more short-term leg,
• Then the market may reverse → creating an opportunity to observe and react when the price returns to a lower range.$BTC $GT $ETH