I mentioned before that this was an extremely important post, which is why I’m quoting it and reposting the same chart.
In every major $BTC bear market, we’ve seen 3 significant lows. The third major low this cycle was the $57K low.
From both a wave count and technical perspective, it was clear that this was a potential bottoming-formation low. Historically, every previous bear cycle also formed 3 major lows, making a new low after $57K less likely from a purely fractal perspective.
Congrats to everyone who capitalized on this idea.
Now, we’re entering the disbelief phase of a rally after 10 months of bleeding.
Honestly, I’m stuck between BTC and ETH right now. 😂
BTC had its strongest weekly performance in over two years, gaining about 22%.
ETH went even further, up roughly 30% in the same period.
I’m keeping an eye on ETH/BTC on BingX.
If you had $1,000 to deploy today, which one are you choosing? 👀
Also $EDEN is catching my attention today 👀
OpenEden is up 19.70% to $0.0571, even with the broader market looking weak. The move seems mainly tied to the strong rotation into RWA tokens, with RWA market cap reportedly up 48% in 24h.
Volume is also up 456%, so there’s clearly plenty of speculative interest around $EDEN right now.
I’m watching $0.052 as the key level. Holding it could put $0.0625 back in focus, while losing it may open a move toward $0.047.
With US Core PCE coming today, I’d be watching the macro reaction closely too. 👀
#BTC Price Analysis#
In every major $BTC bear market, we’ve seen 3 significant lows. The third major low this cycle was the $57K low.
From both a wave count and technical perspective, it was clear that this was a potential bottoming-formation low. Historically, every previous bear cycle also formed 3 major lows, making a new low after $57K less likely from a purely fractal perspective.
Congrats to everyone who capitalized on this idea.
Now, we’re entering the disbelief phase of a rally after 10 months of bleeding.
Honestly, I’m stuck between BTC and ETH right now. 😂
BTC had its strongest weekly performance in over two years, gaining about 22%.
ETH went even further, up roughly 30% in the same period.
I’m keeping an eye on ETH/BTC on BingX.
If you had $1,000 to deploy today, which one are you choosing? 👀
Also $EDEN is catching my attention today 👀
OpenEden is up 19.70% to $0.0571, even with the broader market looking weak. The move seems mainly tied to the strong rotation into RWA tokens, with RWA market cap reportedly up 48% in 24h.
Volume is also up 456%, so there’s clearly plenty of speculative interest around $EDEN right now.
I’m watching $0.052 as the key level. Holding it could put $0.0625 back in focus, while losing it may open a move toward $0.047.
With US Core PCE coming today, I’d be watching the macro reaction closely too. 👀
#BTC Price Analysis#
