This is the weekly chart for BTC. Believe it or not, the current trend is indeed weak, but weakness doesn't mean there are no opportunities!
Referring to previous cycles, after a trending market, a temporary bottom will appear, lasting about three months, followed by a decent rebound.
This rebound usually lasts about two months, meaning there will be at least a small upward move. Even in a bear market, prices can't keep falling indefinitely.
So, don't panic. A temporary bottom may have been reached, around 80,000. The current consolidation is preparing for a larger rebound.
As for what will happen after the rebound, that depends on the overall economic cycle!
I will be focusing on the period around Christmas. Once a favorable bottom appears, I will decisively enter the market, aiming for at least a significant rebound! #OKX
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