We are definitely going to find out which is the case. If you’ve been following my updates, you know I mainly focus on Macro. So it is hard for me to get caught up in short-term movements, especially in such a downtrend, but something I MUST acknowledge is you can NOT stay biased when signs point to the opposite. The market doesn’t care about your convictions. Adapt; it is most important.

That being said, usually, when a pattern is rather obvious, it rarely plays out as expected. The bigger entities play off of this emotion and use it to their advantage. That is their game and their edge.

Im seeing a lot of wedges and triangles in this area, but no upwards channel (Bear Flag- Coming off a downtrend). I genuinely think this is arguably the most valid trendlines .

Here is Log Scale for a different perspective,

Now I will say, there have been some rather large entities buying massive amounts of Bitcoin to back their stable coins (most notably LUNA). LUNA is apparently buying 125 Million worth of BTC’s every day until they reach 1,250,000,000.
This likely has been the reason it has basically been trading 44k for weeks now.

I am very cautious going forward, not only from a TA perspective but FA as well. Here is a detailed Fundamental Analysis on the SPX , which ultimately will be the real decider where BTC goes Short/Medium Term;

Thanks again for all the support. Any comments are encouraged down below, open to all perspectives;