So,

First of all, this is not the end of the fall.

The pattern is continuous and has been known for a long time.

Secondly, Bitcoin volatility may give more than one false signal for growth, while sucking all the energy out of retail investors. Because there is a nuance, as in that seditious joke: the dominance is too high,

- in the previous rally down, attention, the dominance was 48%, and at this level, the alts were lifted to the first floor by one weekly candle (see April/May 2022).

I'm not predicting the future here, just saying: be careful.

Technical analysis, patterns, order books, the overall news background, your intuition and luck, all combined with the ability to make complex decisions - works. Otherwise, how do those who profit from the decline appear, for example, in this case?

The most rational of the authors agree, and I concur; I expect a fairly deep squeeze by one candle, finally gathering all the 'illiquidity'. And yes, we're heading to $75,000 - $82,000. The cents don't matter, the direction does.

The situation is very similar to 2017; the same emotions, frustrations in anticipation of alt season, the same drops. But the more intensely the market falls without visible reasons, the stronger it will apply the equilibrium rule.

Wait for #XRP at $1.6

For me, the reference is #RUNE at $3.8

You may have your own, but the principle is clear.

The news background has justified itself with a positive outcome regarding the rate decision. And so what? Nobody cares 'whether he gave the green light to make Bitcoin a reserve currency or not', it's an illusion of justification. Even if it were accepted, this process would take years. The market fell for two reasons; #BTC is available for trading to those who can see how much the asset is oversold. And if before it was traded on some unfamiliar platforms for institutions, today it has long been on NASDAQ. And the second; the S&P 500 historically sets the background for movement across the entire market, now including Bitcoin. That drop simply triggered for everyone a 'short unloading' that has long been anticipated by indicators.

The bad thing is that #BTC can turn around locally and go to $118,000, which is very likely, closing this target within the extreme volatility indicator, while the alts will give a weak green background, but this will be a mistake, because we have secured ourselves below the upper BOLL line on significant timeframes, meaning this 'pump of the last smile' touching from bottom to top is possible like the last cinematic breath.

What’s next? Next, we go into a retest of the cup with a handle, while a dominance unloading and a solid organic growth towards the full depth of the figure to $132,000 are likely.

And here somewhere you can expect the flourishing of greenery across the entire crypto grove.

We can fly down to floor -1 another 20% if the impulse for Bitcoin moves towards $80,000 in this movement.

Gentlemen, may the dollar be with you.