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$BTC
Been looking at how previous bottoms actually formed, and the difference with the current structure is hard to ignore.
Back in 2019 and 2022, price didn’t move cleanly after the drop. It spent time moving lower, repeatedly taking out downside liquidity. Every attempt to go up felt weak, and entries were uncomfortable. That messy phase is what built the base for a real reversal.
Only after that process was complete did price start taking highs and trending with strength.
Right now, the structure is not following that same path.
Instead of sweeping lows, price is consistently pushing into highs. The move looks strong, but a large portion of liquidity below is still untouched.
That’s the part that stands out.
Because in most cycles, a durable bottom forms after the market clears out those lower levels. When that doesn’t happen, it usually means the structure is still developing.
So while the upside strength is there, the foundation doesn’t look fully complete yet.
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