Still trying to see how this is a bearish cycle. I'm trying...

We spent years in the lower reaches of the BTC channel and wave count doesn't support the primary is nearly over yet. We only recently had a break out in the bigger picture. How are people still bearish? Still don't get it.

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I'd like to note, we're presently testing the support in this TA. If you press play on the chart, you'll see what I mean