What if the November high was the beginning of the bear cycle? It is not impossible.

If we see a new maximum in the coming months, this cycle would have been significantly longer than the previous ones, also leaving much less time for the subsequent bearish cycle before the next halving of 2024.

That is, if we expect a PRIMARY [5] to culminate CYCLE I, the subsequent CYCLE II would have a very short duration relative to the impulse it corrects.

CYCLE I ---> 11 years
CYCLE II ---> <2 years

It's not what anyone wants to read, not even me. I'm not short, far from it. It is that the times would not fit.