You will notice an interesting phenomenon: almost every timeframe BTC chart pattern can be mapped to a certain stage of the 2021 cycle—this is a common approach in technical analysis, but recently the community has been filled with bearish voices based on these charts.

In fact, such pessimistic expectations will not stop, at least until the market truly hits the bottom of the bear market. The market logic is cruel: panic sentiment will continue to dominate public opinion until the worst-case scenario actually occurs. Interestingly, when everyone is expressing bearish views, it is often the time when market participants' emotions are at their most extreme.

If you are tracking BTC's multi-cycle trends, consider these comparative analyses as references rather than definitive conclusions. Cycles do exist, but each cycle has its own uniqueness.