Bottoms don't come this easy... $BTC

No chance macro bottom is in yet, and the reason is simple: legacy markets still haven't corrected

We're sitting at a comfortable -50% from ATH with none of the real fear that marked 2022

A bottom without that level of capitulation just can't happen

Someone needs to sell losses, think that crypto is a bursting bubble, and we are going lower, then buy FOMO on the way up

Right now we are not even close to that

So real bottom likely waits for equities to finally crack while crypto is already structurally weak

That's final risk-off flush that completes the bear, and we're still heading lower into it

https://x.com/0xChainMind/status/2088542992780935318

Real capitulation is close.

$BTC

https://x.com/0xChainMind/status/2088600041573237202

$BTC

Structure remains bearish, with closest liquidity stacked below at 61K and it seems like we're going to clear it soon

What matters is reaction once we get there

Cause if we lose that zone, we're likely to sweep below ~57K

https://x.com/0xChainMind/status/2088668583140168018

$BTC

We just broke down third rising channel of the whole year downtrend, exact structure that resulted in ~25% dumps

And now we are repeating the same

https://x.com/0xChainMind/status/2089319834500595720

$BTC is squeezed between 200MAs and mFVG, closing fifth weekly candle in a row in the same 4% range

Sweep into that zone before any continuation would make sense

https://x.com/0xChainMind/status/2089451202782113903

$BTC

Bear market progress: ▓▓▓▓▓▓▓▓▓░ 87%

We are coming close

https://x.com/0xChainMind/status/2089822441698722243

$BTC

Once again we needed this sweep breakout

We've been closing in same level in SMA200 for weeks and now we took mFVG and the only target left is compression lower

Real capitulation is coming

https://x.com/0xChainMind/status/2090170535539782105

Some $BTC history for you

This 2W MACD reset happened both in 2018 and 2022 right after macro bottom was marked

We just got that same signal again

https://x.com/0xChainMind/status/2091934034809000331

$BTC is repeating the exact same bull pattern again

Each bull market started with one major green candle followed by months of consolidation

If we bottom is in we're likely see chopping in 70K-80K range for next couple of months

Study cycles

https://x.com/0xChainMind/status/2092295890782273937

$HYPE goes parabolic from here unless we lose the trend

https://x.com/0xChainMind/status/2093029733713723733

Each time $BTC retesting this multi-year trendline it market macro bottom

And same just happened again

https://x.com/0xChainMind/status/2093076937056911736

$BTC has been ranging inside this rising channel all week

If bottom is already in, we hold this channel and close above 83.5K POI soon

Let's see how the structure forms from here

https://x.com/0xChainMind/status/2093277911004357041

$ETH will outperform Bitcoin this cycle

Everyone is fading it considering last cycle performing and that's exactly why it would happen other way

ETH/BTC is still sitting historically low after basing off the 0.019 bottom

Meanwhile people treat this like BTC vs some random alt, but supply is already out, no insider unlocks, 10+ years of nobody printing or rugging it

Last cycle loud call was 10K this cycle it's ETH capitulation

The one everyone gave up on is the one paying you to wait

So that's why I'm buying here

https://x.com/0xChainMind/status/2093320624126951583

Thanks for playing.. $BTC

https://x.com/0xChainMind/status/2093344020927746293

$BTC

Eventually we closed weekly straight into resistance, testing same level that's capped each bounce whole way down

Means bearish structure remains intact and we still need to close above ~83K to flip fully bullish here

After that we invalidate lower high and pump more

https://x.com/0xChainMind/status/2093433694564347915

If $BTC won't lose 70K within next 40 days, whole 4-year cycle will be dead

For this first time in history macro bottom hit in Q3 instead of Q4

Do you believe this can happen?

https://x.com/0xChainMind/status/2093680544622039161

$BTC

Looks like we are likely to close monthly below this downtrend resistance which technically speaking means bearish structure remains intact

That would result in testing ~70K inverted mFVG soon

But firstly waiting for price to range here for couple of weeks

https://x.com/0xChainMind/status/2093743926326816994

$BTC is repeating exact same bull pattern again

For the last month we've been ranging inside this rising channel, same as we did in 2022 bear market

Re-accumulation before expansion

https://x.com/0xChainMind/status/2094065960923656303

Key pivot for $BTC here

We swept liquidity at channel highs at ~81K and got strong rejection

Now we are trading near market structure shift level

Losing it at we're heading to ~70K

https://x.com/0xChainMind/status/2094144780095696921

Here is how I see $BTC playing out

Right now it's purely a liquidity hunting market

We've already cleared most of the upside liquidity up to ~82K, just a small cluster left to sweep up top

Usually, we sweep upside first, then dump and wipe the longs below

There's huge stacked liquidity below, we also have like 20B in long liquidations sitting at 61K but I don't think we'll get that

My bet is hitting ~70K and then we are breaking 83K POI and go higher

Waiting for this to play out in coming months

https://x.com/0xChainMind/status/2094502641086726272

$ETH

Structurally, we need to reclaim 2,5K region but right now we are rejecting and compressing below it

If we fail to hold 2,4K probability of testing 2K with aggressive sweep highly increases here

But again it mainly depends on BTC price actions too

https://x.com/0xChainMind/status/2094535188642427113