Bitcoin BITCOIN is about to trigger a daily oversold signal. Looking back at the last five daily oversold instances: 1. The starting point of an uptrend 2. A continuation within an uptrend 3. A rebound within a consolidation range 4. A technical rebound after a bullish structure breakdown 5. A corrective rebound near the previous daily structure low The circumstances were different, but one thing was consistent: in all five instances, Bitcoin responded positively to the oversold signal. So, we can draw a simple conclusion: at the current level, the price is highly likely to respect the daily oversold signal. However, it’s important to distinguish between “respecting the signal” and a “trend reversal.” Even if an upward move follows, it’s more likely to resemble scenarios 4 and 5 above—rebounds within a downtrend structure—rather than a full trend reversal. Only when key resistance levels are effectively broken and moving averages start to turn will I reassess the nature of this market move. Until then, any upward movement is viewed as a rebound. My perspective remains unchanged.