pattern of lower highs and lower lows, and can’t reclaim the Kumo with conviction, I’ll treat this as the start of the new cyclical bear market rather than a simple reset before a final blow-off extension of the prior double top.

close into the cloud from above is the transition signal: it usually marks the end of the bull leg and the start of topping/distribution, not necessarily an immediate secular bear. From here, if BTC continues to respect the underside of the cloud, builds a

and are now trading below the Kumo, with the cloud acting as overhead resistance. In strict Ichimoku language that’s price below the cloud, Tenkan typically under Kijun, and Chikou span running beneath both price and Kumo; a full bearish configuration. On the weekly timeframe, the first