A bear market rally is basically people wanting it to be over before it actually is. After a long drop, everyone’s tired. People are down bad, underexposed, or sitting in cash. The moment price starts pushing up, it feels like relief. At the same time, shorts start getting uncomfortable. (Ironically me) They close positions, which means buying, and that pushes prices even higher. The move starts looking stronger than it really is. Then comes the narrative: People go from cautious “wait… is this the bottom?” “I’m gonna miss it.” That’s where FOMO kicks in. Late buyers pile in right when price is pushing into areas where bigger players are happy to sell. You’ll also notice the narrative changes after the move starts. Suddenly there are reasons for it, macro, STRC, ETFs, whatever, but really the move came first, the explanation came after. The key part is nothing fundamentally changed. Liquidity just got pulled upward, shorts got squeezed. So it becomes a loop: pain, relief, hope, FOMO, trap, then pain again. That’s why bear market rallies look so convincing, they’re built on emotions people want to believe, not on a real shift in the bigger trend. My short might be wrong/early, but it doesn't change where BTC is positioned in the cycle based on historical data.(Killa)