So currently we are at Potential End of Bearish Cycle and this suggests the early sign of a new accumulation phase, if current candle close in the approximate range as of now. However, confirmation is still pending.
For next week, I expect an upward rally followed by a reversal to retest the 59K–62K zone, If the market holds above this range with low volume and no panic selling, the trend shift will be confirmed. Otherwise, the downside risk remains, and a deeper continuation of the bearish cycle cannot be ruled out.
At present, the market is positioned between two primary scenarios, with this week expected to be decisive in determining directional bias . 1. Potential End of Bearish Cycle This scenario is characterized by early signs of equilibrium formation Weekly candles showing reduced body size, indicating weakening momentum on both sides. Price consolidating within a narrow range, reflecting absence of clear dominance from buyers or sellers. No significant continuation of downside expansion, suggesting diminishing sell-side pressure. The weekly close holds above the previous week’s low, signaling stabilization rather than breakdown. Lower price levels are not attracting fresh aggressive supply.
Interpretation: Market conditions are transitioning into balance, where bearish momentum is losing strength and exhaustion may be forming.
2. Continuation or Acceleration of Bearish Cycle This scenario reflects sustained or increasing downside control Repeated bearish candles confirming persistent sell-side dominance. Failure of price to establish higher lows or meaningful recovery structure. Continued rejection at key resistance zones with expanding downside range. Liquidity-driven moves potentially triggering further cascading sell pressure.
Interpretation: Market structure remains bearish, with momentum favoring continuation of lower price discovery and potential acceleration during liquidity-driven phases.
Fasten your seat belts. $LAB appears to target the $20, $23 level once again, followed by a potential move toward $25/ new ATH.
Moreover, this is expected to be a very high-risk trade. Before making any investment decision, carefully assess your risk tolerance, determine an appropriate position size, and implement a clear risk management strategy.
Capital preservation should always take priority over potential returns.
According to my analysis based on the Wyckoff theory, BTC appears to be approaching Phase E of the Distribution cycle, as it is showing signs of weakness.
This is my personal view and analysis. Others may have different interpretations, and this should not be considered financial advice. Please conduct your own research and make decisions based on your own assessment.