BTC right now feels closer to the 2022 environment than most are comfortable admitting.

Weak bounces. Breakouts that fail. Lower highs forming. Price grinding lower to tap liquidity — not collapsing, just slowly depleting demand. That’s typically how deeper corrective phases unfold.
If this rhythm continues, the $40K–$50K zone becomes a logical liquidity pocket to watch — not as a prediction, but as an area where a more meaningful reset could occur.
I’m not trying to pick the exact bottom. I’m waiting for structure to shift: higher lows, resistance getting absorbed, real persistence in buying.
Flexibility > ego.
Preserve capital. React to confirmation.