[00:00] Bitcoin Sideways for 317 Days: Bitcoin closed at $108K, essentially unchanged from December top 317 days ago, destroying sentiment through repeated extreme greed to extreme fear cycles throughout this stage of the cycle.

[01:14] Critical Support Levels: Need closes above $115K (50% level) for strength, then $120K. Below $108K risks testing $100-103K support and the 50-week moving average.

[03:00] Downside Scenario to $71K: Breaking $100K increases chance of testing breakout zone at high $80s to low $90s, then the 50% cycle level at $71-74K matching previous March resistance tops.

[04:54] Volume Profile Shows Weakness: Down moves show higher volume than up moves, indicating more sellers than buyers. Price making lower closes as volume increases on down days.

[09:01] Smaller Corrections Expected: This cycle gained 700% versus 2021's 2,100% gains (only one-third), suggesting potential corrections of 31-33% to $84-86K rather than prior 78-84% crashes.

[11:48] Bitcoin-Gold Ratio Signals Cycle End: Ratio declining for months and below March top. Historically signals cycle end - similar to April 2021 peak that preceded November double top and collapse.

[13:22] Three-Day Down Signal Triggers: All-time high followed by three consecutive down days with lower highs and lower lows. Historical pattern warns of trend change, previously marked 30-33% corrections.

[14:56] Composite Cycle Model Diverges: Bitcoin diverged from composite cycle mid-October after 10 months of accuracy. Model hasn't caught up, suggesting anticipated Q4 rally may not materialize.

[16:48] Exchange Volume Crashes Below $50B: Daily exchange volume hit first day below $50 billion, with support at $30B. Declining liquidity despite global money supply signals lack of interest in risk assets.

[19:02] Stablecoin Dominance Rising Ominously: USDT dominance showing higher lows from extreme greed periods, similar to 2021 pattern before bear market. Breakout above 5% would be very bearish signal.

[23:02] S&P 500 Following 5-Year Pattern: Traditional markets doing almost exactly what happened 5 years ago, peak came one day earlier. Bitcoin typically tops first before S&P in cycle ends.

[26:14] MicroStrategy Breaks 50% Level: MSTR collapsed through 50% cycle level like February 2025. Lower highs from exuberance top, last support at $230 before decline below $200. Prior cycles saw 80-90% corrections.