$BTC

According to this picture, the probability that the time analysis has worked is quite high. This cycle could have been different. Nobody knows what is really happening in the background. Everyone has many theses, but I haven’t found a reason that convinces me.
$87,000 is the EMA21. If it makes a monthly close below it, the outlook may deteriorate further.
Every instrument has its own character just like people do. We see that BTC also finds a bottom at previous peaks.

What can happen at this point?
If it sees the 2021 peak as the bottom and drops there directly, it will be bad in the short term but good in the long term. It will be preparing itself for the multi-year rally I’m expecting. If it rises from here and enlarges the top formation, it will be good in the short term but bad in the long term. It would provide relief in the short term but could remain stuck in a bear market in the long term.

If I had to choose between two evils, I would choose the first.
The decline may accelerate below $84K.

Global M2 is rising… so where is the rally?
As I mentioned in my previous posts, trusting BTC in this technical outlook would be wishful thinking.

Let’s ask ourselves: is there uneasiness or is there hope? If the answer is hope, know that things are not good.