I'm already starting to see it...

We have the "Bottom is in LFGGGG" and then the "Dead cat bounce lower is coming" groups.

The fact is guys is that reversals are always dead cat bounces until they aren't.

And they always feel like a dead cat bounce until they're much higher.

Lastly, everyone finds it so hard to believe in a pump after weeks of down, so people hesitate.

And in the end, Bitcoin climbs "the wall of worry"...

Then by the time the majority actually believe again... price is 25% higher, they buy in.... and then it dumps!

Buying bottoms is very hard for all of the above reasons...

And it's difficult to know when they're in.

But once we have some price action to look back on, it starts to make it clear, although it is still not 100%... it never is.

But this is what I look for and here is what I'm seeing.

1. Strong downtrend with steep rising sell volume, making lower lows
2. Eventual bottom with large volume spike
3. The first lower high
4. Impulsive PA starts backed up by now rising buy volume
5. OBV broke higher before the price did, which is bullish
6. The first break of downtrend and a higher high.

You can also see that I have highlighted some areas of flat volume, where we can see the rally failed both times.

Again, it is early days, and no one can gaurantee you something 100%, we can only look for the signs.

Next resistances are $98k/$100k and then $106k.

So far it looks good.

Have a great day champs.