It reached the area of 68–67 thousand that I mentioned in the previous post,
The decline then extended to 60 thousand — and this is normal.
❗ I didn't say buy
But we expected the decline from 68
And now the price has reached 60 and a rebound occurred
But attention should be paid:
🔻 The rebound so far has only been on small time frames
🔻 And the negativity is still present
📊 On the weekly timeframe
There is a bullish divergence (positive)
Accordingly, I expect a technical rebound towards:
74 thousand
And up to 80,500
But ⛔
This rebound will not be quick
And it may last from a week to several weeks
To form an MMXM model
Then after that — a new collapse 🔻
Towards the range:
37 – 35 thousand
And it is the expected historical bottom
(as mentioned in the pinned post)
⚠️ Important alert
The expected movement between 60 – 74 thousand
Everyone will think it's accumulation
But — in my opinion — it’s a trap
And not a real accumulation
It is just a continuation of the downward path
🔴 The bear market is not over
🔴 Bitcoin will not truly rise
Without actual accumulation at the bottom
The bear market is not over... and we are still on the same path
