mignolet|Mar 15, 2026 22:54
I do not think this week will be very different.
In February, the short-term movement showed Bitcoin gradually declining in price. As the price moved lower, narratives and reasons for the decline were continuously attached to it. This created a market sentiment that a sharp drop could happen at any moment.
But March is the opposite.
In the orange box area I marked, the direction is different, but the structure itself looks very similar.
During this period, the reasons and narratives for a bullish move have already been sufficiently built. Because of that, even a small rebound in price could quickly trigger expectations and FOMO in the market.
But to be blunt, that is really all it is.
I am simply watching whether this trap-like pattern will appear once or twice, or whether it will repeat three or four times.
So far, I believe it has already appeared about two times.(mignolet)
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