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While altcoins are bouncing, most people will start ignoring the $BTC chart.
But the real question is, has BTC actually bottomed?
On the linear scale (right), the macro downtrend has already been broken on the 3D timeframe.
But on the log scale (left), BTC is now approaching a major confluence:
• Macro trend resistance
• Key weekly S/R around $74k
This is the real test.
A proper bottom confirmation would look like:
• Break above the macro log trend
• Reclaim and hold inside the $74k–$108k range
That’s when structure shifts.
If instead price rejects here and continues to stay below the log trend on the weekly, then we likely get a few weeks of altcoin strength…
…but BTC remains choppy and structurally weak.
Don’t ignore BTC while trading alts.
#BTC #BTCUSDT