For the first time ever:
• $BTC made an ATH before halving
• No 2W BB expansion
• No 1M RSI expansion
• No real altcoin run
• BTC dominance ~60%
• No ATHs in TOTAL2 / TOTAL3
• BTC/GOLD at cycle lows
• ATH during ISM contraction
That’s not noise. That’s a structural break.
Despite the recent sell-off, this doesn’t look like a final cycle top.
It looks like a compressed expansion + mid-cycle reset.
Monthly RSI is already at levels seen near past bear market bottoms — without ever reaching HTF overbought conditions.
That imbalance matters.
Cycles end with excess and euphoria.
We never had either.
Volatility ahead, yes.
But what comes next will likely surprise the majority.
And that’s usually where opportunity begins
BTC
69,225.56
-1.28%
