Market Trend Analysis
Despite recent improvements in the macro environment, including a weaker dollar and stronger policy support that typically benefit risk assets, Bitcoin has yet to confirm a clear reversal in its price movement.
Technical Indicators Show Weakness
Key trend levels that previously differentiated a short-term bounce from a structural decline have now been broken, and former support zones have turned into resistance areas. The current rebound appears more like a corrective move following a downtrend rather than a true trend reversal.
- Major trend lines broken
- Previous support now resistance
- Position structure increases pressure
Signs of a Late-Cycle Downturn
The current market behavior mirrors patterns observed in late-stage crypto cycles. Even with positive macroeconomic developments, prices often continue to drift lower or consolidate weakly. Investors who entered at higher levels tend to reduce risk during rebounds, leading to selling pressure that often outweighs new inflows.