$BTC Bitcoin — Update
Using the same logic that correctly forecasted on March 1 that April would close above $70,202, the current model suggests May 2027 could close below $87,496.
This assumes the 2M timeframe has begun forming a bearish cycle of Kyushu Ashi candles, with a minimum cycle duration of 7–9–2 candles.
This also aligns with my base-case scenario: $BTC may spend 1+ year ranging before the next major bull market begins.
The thesis could be invalidated if December 2026 closes above $99.8K, or if another bullish KA candle forms on the 2M chart and breaks the current bearish cycle.
#USAugustPPIRisesLessThanExpected #USContinuingJoblessClaims1.774M
Using the same logic that correctly forecasted on March 1 that April would close above $70,202, the current model suggests May 2027 could close below $87,496.
This assumes the 2M timeframe has begun forming a bearish cycle of Kyushu Ashi candles, with a minimum cycle duration of 7–9–2 candles.
This also aligns with my base-case scenario: $BTC may spend 1+ year ranging before the next major bull market begins.
The thesis could be invalidated if December 2026 closes above $99.8K, or if another bullish KA candle forms on the 2M chart and breaks the current bearish cycle.
#USAugustPPIRisesLessThanExpected #USContinuingJoblessClaims1.774M
