2026-04-09 09:12:23

#AreYouBullishOrBearishToday?

🧨 Rebuttal to Michael Saylor's statement: "Bottom" is a bear flag, not a reversal point😁
On April 9, Michael Saylor stated that Bitcoin likely reached its bottom around $60 000, citing exhausted sellers and steady ETF demand. He also called the quantum computing threat exaggerated.
I analyzed the attached BTCUSDT.P chart ( daily timeframe, 2020–2026 ) — and see a completely different picture.
📉 Bear flag still in effect
The chart clearly shows a bear flag:
🟧The pole — sharp decline from levels around $110 000 to $60 000 (February 2026).
🟧The flag — horizontal-ascending consolidation in the range of $60 000 – $75 000, which has been ongoing for over two months.
🟧Volume — decreasing during consolidation, which is typical for a flag, not a reversal.
As long as the price remains inside the flag, the lower support boundary is around $60 000, and the upper resistance boundary is $75 000. A breakdown below $60 000 with high volume will trigger a target decline equal to the length of the pole, i.e., $60 000 – (000 = $110 000.
🐻 Bearish scenario $60 main)
🟧Support break $10 000
🟧First target: (000 - )000 $60 levels of 2025$40
🟧Second target $45 full flag completion(: )000 - (000 — possibly ETF will positively influence this zone, and we may not reach it, but risks always exist.
🟧Such a scenario will cancel any talk of a bottom and send BTC into a multi-year downtrend.
🐂 Bullish scenario )alternative$10
For the flag to turn into a reversal pattern, the price needs to:
🟧Hold above $15 000 with increasing volume
🟧Then break the descending trendline (which has been in place since 2024)
🟧Only after that can we talk about a market recovery, but the current flag structure does not favor this.
🧠 Why Saylor is wrong?
1. Bottom from exhausted sellers: but on the flag, sellers are not exhausted; they are simply waiting for a support breakout.
2. ETF absorbs supply: ETF volumes have been decreasing in recent weeks, and the spot market shows no initiative.
3. "Quantum threat exaggerated" — this statement is also debatable: even IBM and Google admit that in 5–7 years, quantum computers could crack ECDSA, which Bitcoin uses. Denying the risks is to repeat the mistake that the Bitcoin network will never be attacked 51%.
📌 Summary
Michael Saylor is a great marketer and hodler, but not a technical analyst. The attached chart shows not a bottom, but a bear flag. As long as the price remains below $75 000, it’s too early to talk about a reversal. A more likely scenario is a retest of (000 and a breakdown downward.
Be cautious: Saylor’s bottom could become a trap for bulls.
)

BTC1.51%

KatyPaty

2026-04-09 09:06:16

#AreYouBullishOrBearishToday?
🧨 Rebuttal to Michael Saylor's statement: "Bottom" is a bear flag, not a reversal point😁
On April 9, Michael Saylor stated that Bitcoin likely reached its bottom around $60 000, citing exhausted sellers and steady ETF demand. He also called the quantum computing threat exaggerated.
I analyzed the attached BTCUSDT.P chart ( daily timeframe, 2020–2026 ) — and see a completely different picture.
📉 Bear flag still in effect
The chart clearly shows a bear flag:
🟧The pole — sharp decline from levels around $110 000 to $60 000 (February 2026).
🟧The flag — horizontal-ascending consolidation in the range of $60 000 – $75 000, which has been ongoing for over two months.
🟧Volume — decreasing during consolidation, which is typical for a flag, not a reversal.
As long as the price remains inside the flag, the lower support boundary is around $60 000, and the upper resistance boundary is $75 000. A breakdown below $60 000 with high volume will trigger a target decline equal to the length of the pole, i.e., $60 000 – (000 = $110 000.
🐻 Bearish scenario $60 main)
🟧Support break $10 000
🟧First target: (000 - )000 $60 levels of 2025$40
🟧Second target $45 full flag completion(: )000 - (000 — possibly ETF will positively influence this zone, and we may not reach it, but risks always exist.
🟧Such a scenario will cancel any talk of a bottom and send BTC into a multi-year downtrend.
🐂 Bullish scenario )alternative$10
For the flag to turn into a reversal pattern, the price needs to:
🟧Hold above $15 000 with increasing volume
🟧Then break the descending trendline (which has been in place since 2024)
🟧Only after that can we talk about a market recovery, but the current flag structure does not favor this.
🧠 Why Saylor is wrong?
1. Bottom from exhausted sellers: but on the flag, sellers are not exhausted; they are simply waiting for a support breakout.
2. ETF absorbs supply: ETF volumes have been decreasing in recent weeks, and the spot market shows no initiative.
3. "Quantum threat exaggerated" — this statement is also debatable: even IBM and Google admit that in 5–7 years, quantum computers could crack ECDSA, which Bitcoin uses. Denying the risks is to repeat the mistake that the Bitcoin network will never be attacked 51%.
📌 Summary
Michael Saylor is a great marketer and hodler, but not a technical analyst. The attached chart shows not a bottom, but a bear flag. As long as the price remains below $75 000, it’s too early to talk about a reversal. A more likely scenario is a retest of (000 and a breakdown downward.

Be cautious: Saylor’s bottom could become a trap for bulls.
)

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes