[Unpopular opinion] Bitcoin should be analysed purely on fundamental and no technical analysis should hold true

In stocks and forex technical analysis, traders and gurus like to note down imbalance price action or void during price expansion upward or downward. Then trade the trend continuation after these imbalances are filled.

In BTC case, during the expansion from Sep last year, a lot of price imbalances were created as price shoot up to ATH without any technical analysis but purely caused by series of fundamental news events.

And since, price consolidated after "taking out previous high". This week price is going lower and lower with the general sentiment being fearful, "break of structure" lower than USD$60k.

I see a lot of gurus affirming that the low of this correction would be USD$44k or USD$32k, to fill all the imbalanced price point.

And...TO THE MOON!

But here's my question, at this point of price, BTC would have dropped 40% - 50% from ATH. Would decentralized retail traders buy BTC at this price and rally to USD$100k purely based on technical?

If there is no rate cut this year, would price rally to another ATH once BTC price filled these imbalances?

I think not but change my mind.

The only way BTC is going to rally is if dollar is cheap with low interest rate.