$BTC ‌ Actually, Bitcoin's logic is simpler. Many people say we're currently in a bear market, and macro conditions don't even have rate hike expectations yet. Even the Federal Reserve doesn't have any hints of this, so you can't really call it a true bear market. After 1011, Bitcoin and gold along with US stocks showed very large divergence. So the recent weakness was triggered by AN. Bitcoin's bull market from 15000 to 120000 is now in the final consolidation phase of a three-wave pullback on the weekly chart. Currently, my personal view is that the possibility of a fifth wave decline is very low. The macro environment and uncertainty aren't that pessimistic. I'm optimistic here for a bottom formation similar to 2021, after 519, followed by breaking new highs. Both the monthly and weekly charts need to fill the gaps above. There's too much bearish sentiment, so during this phase I'll be holding all long positions.