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The current $BTC structure is starting to look very similar to the 2022 distribution pattern 🚨
In 2022, BTC formed a rising wedge / compression before breaking down aggressively
Right now price is again compressing between a rising support and descending resistance
The structure and rejection around the top of the range look nearly identical
If this fractal continues to play out, the key level to watch is $68K–$69K support
A clean breakdown below that zone could open the door for a deeper move toward $64K–$62K next
The similarity to 2022 is becoming hard to ignore.