When analyzing the macro trend, I recommend everyone focus on the weekly or higher timeframes for BTC. This current rebound from the bottom could still be a fakeout, so I don’t suggest trying to catch the bottom! $ETH #CryptoMarket Looking at the weekly chart, BTC’s recent climb has a pattern. Before breaking a new high, it always pulls back to the previous high area, forming a new consolidation range. Each range typically lasts around 10 months. For example, in March last year, $BTC hit a new high of around $74,000. Then in January this year, it reached another new high of $109,000 before pulling back. The lowest point of the pullback was near $74,000 but didn’t break below it. A range was established, and only after that did it hit a new high of $126,000. Currently, the price has already broken below the previous high of $109,000, dipping to below $100,000 at its lowest. This means the high range after the ATH of $126,000 hasn’t held, and the upward trend has been broken. At this point, the downside potential becomes unlimited, making it very hard to predict the bottom. Of course, if it’s just a quick dip or the break isn’t significant and it immediately rebounds back into the range, there’s still hope for an upward trend. But the odds of that happening are slim. Since the market is hard to predict right now, don’t try to guess. The safest move is to hold onto your capital and wait for a clearer opportunity.