No one is really talking about this.

Everyone is obsessed with the May 2022 fractal or the recent bear flag from $98k In January.
But the current price action looks very similar to the 2022 bottom.
At that time everyone was calling for another leg down to $12k, especially after the price pushed higher and rejected, just like it has now.
I remember it well.
At that stage, sentiment was very similar to now with almost everyone collectively agreeing on lower and another leg down.
Whilst all of the metrics behind the curtain like funding and premium, are looking much stronger.
The volume cluster at $60k and $15k are also very similar.
I think it goes without saying this would be the most unexpected outcome here.
The overall point is that it is not a one size fits all assumption.
We have the bear flag from $98k and the bottom of 2022, both looking very similar, both playing out totally differently.
Much more goes into understanding a market bottom than just the fractal.