People calling for a "capitulation" now have the same engery as people calling for a "blow-off top" in Nov 2021.

Generally Bitcoin's current price action is basically just a chop in this area that will likely continue for quite a few weeks. But the amount of people right now calling for the inevitable another leg down to a final capitulation at 25k, 22k or some even 12k is way too high. Also this makes the situation very identical to how it was in November/October 2021.

As a Throwback, in October 2021 we had a massive upwards month with absurd 15% gains in a day, it felt like a peak bull run. This can be compared to the current peak fear - 20% day we had on out way to 25k. Then after we went above resistance and the past ATH in Oct 2021 everything seemed prime to go up further.

Just as now everything seems primed to go down further after we broke our crucial support of 28k. But the thing is that at the end the markets won't do what TA says, they will do what the world says and react accordingly on good news no matter what kind of a Super Death Cross we made.