Currently, the general trend is still downward, meaning we have no decisive confirmation that the final bottom has been established. The market needs to build a clearer price structure so we can confidently say that the reversal has really begun.
Those who rushed and said 'this is the bottom' without seeing clear confirmation… are the same ones who got caught in the past period.
But 👇
There are signals that make the idea of a local bottom very logical:
• The market is in a strong selling saturation
• We saw a respectable rebound from the bottom
• The current area has very clear buying demand
Does this mean we've entered a bull market? No.
But it means that the likelihood of a short-term recovery wave is high.
We might see an extended rise to around 80 thousand dollars approximately, and the market will give us clearer signals about the upcoming trend.
In summary 👇
Yes, there is a high probability that this is a local bottom for the coming weeks or even months.
But from the general structure perspective… we still can't confirm that the final bottom has been established 100%.
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