$BTC let's see the weekly cycle information from the screenshot based on my zone(asia).
1.The trend structure is still in a bearish correction.
*The price dropped from around 97k → 60k with several large red candles.
*This indicates strong distribution / panic selling in the market.
*So in the bigger structure, it is still in a correction phase from the previous bull run.
2.However, there are signs of a temporary bounce.
The last candle is a fairly strong green candle moving from 60k → 70k.
In addition:
*Stoch RSI is starting to rise from the oversold area
*The MACD histogram is shrinking (bearish momentum is weakening)
This means:
➡️Selling pressure is starting to decrease
➡️ There is a possibility of a relief rally / dead cat bounce.
3.Market psychological areas:
If we look at the structure:
*60k → strong support
*70k – 72k → first resistance
*75k – 78k → major resistance
*85k+ → where the bullish structure would start again.
4.Possible scenarios
According to simple technical analysis:
Scenario 1 (more realistic):
*70k → 73k → rejection → move down again
target 65k or a retest of 60k
Scenario 2 (temporary bullish move):
70k → 75k → 80k
then consolidation
Scenario 3 (major bull continuation):
If the weekly close is above 80k, then there is a possibility for the price to move back to 90k+.
5.My conclusion:
If we are asked whether the market is bullish or bearish right now:
➡️ Macro: still in a bearish correction
➡️ Short term: a bullish bounce
So right now it looks more like a:
bear market rally / relief bounce.DYOR#BTC2026prediction
