$BTC I feel like now is the perfect time to come back to this post. Price is currently deviating below the September low, and all of a sudden, the majority of people out there are flipping bearish. I admit that things are not looking great right now, but there is still a decent chance that this is only a short deviation below $75k to shake out most longs before we finally see the next leg up. Price has mirrored the 2023 price action almost perfectly so far. Back then, we saw the exact same structure we’re seeing now, with price wicking down to retest the previous ATH before taking off. It’s important to understand that market phases like the current one are designed to shake people out. Markets tend to move when most people lose faith in their positioning and are no longer prepared for the next move. Of course, there is a chance that I’m wrong and we really do see new lows, but one of the most important things when it comes to trading is trusting your plan and sticking to it. And that’s exactly what I will do. My bottom swing long, my most recent swing long, and of course my spot position all remain open.