This is key macro data you cant just ignore.

We have so many people comparing May 2022 to now, simply just looking at the chart.
But you have to understand what was/is going on behind the chart to understand where we are.
A chart can look similar, but be in a totally different place overall.
And that is the situation mow.
In May 2022 Bitcoin was a in downtrend after a huge spike in FED Net Liquidity, and 18 months of PMI expansion, with inflation at 9%.
Right now, Fed Net Liquidity has bottomed and reversing, and PMI has entered expansion, with inflation at 2.4% .
In May 2022 we were on the back off massive expansion.
In March 2026 we are at the start of expansion.
FED Net liquidity is bouncing off the same level that started the 2023 run up. And just like PMI, it has been consolidation for the longest time ever.
This is not simply just data you can write off as a narrative or coincidence. It is the backbone of financial risk assets.
If Bitcoin reclaims $74k it won't just be a bear market rally...
It will be a reclaim on the HTF range, making the loss of it a deviation, and it will very likely move to new highs off of this macro backdrop.
You have to understand the differences in this situation compared to May 2022 and stop just looking at "muh fractal bro".
The cycle will just follow a 4 year pattern for no reason... there has to be a deeper macro foundation to move that way.
Whether you want it to ignore it as a meme or not, it doesn't matter...
But this time IS different, and anyone neglecting this will pay the price.