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The bear market ends when $BTC starts trending above the current macro downtrend.
As you can see, we are below it and aggressively downtrending.
As long as we’re trading below it, expecting anything more than shallow upside moves is mostly cope.
Short term:
I mentioned yesterday that $74k was the short zone unless it was broken and flipped on the daily.
That didn’t happen. Price rejected — and we’re moving lower again.
After that rejection, I don’t see a strong reason to look for longs here unless $74k gets reclaimed as support.
If we get another liquidity sweep around the $73k zone, it could be a decent area to look for shorts again.
Invalidation would be above $75k for shorts.
Until the macro structure changes, rallies are still sell opportunities.
#BTC #BTCUSDT