$BTC Every bear market has shown the same monthly pivot structure. Depending on how price positions into them, it helps determine whether they form a high or a low. February has consistently marked a low in each bear market. Late March / Early April has printed either a lower low or lower high in most cases, with 2022 being the exception, marking a high. That brings us to the May pivot. Price is currently pushing higher into May, and the last time we saw this setup, back in 2018, May marked a local high, followed by a reversal into late June, which then formed a local low.