Bitcoin's future is described as "short-term volatility building a base, mid-term rebound to be expected, long-term slow bull market on the horizon". The specific trends can be viewed as follows:

1. Short-term: Before the death cross lands, it is highly likely to consolidate sideways: There are another two or three days until the "death cross" appears, and it is likely to first test the support level of $95,000. After all, ETF funds are still fleeing, and retail investors are panicking to sell, making it very difficult to break through the resistance level of $108,000 in the short term; volatility will be the norm.

2. Mid-term: A rebound after the death cross is highly probable: This is a once-in-seven-years death cross, and historically, Bitcoin has surged over 45% every time it has appeared. Current on-chain data also supports this, with the number of loss-making Bitcoins and the net unrealized profit rate aligning with those before the April rebound. If it can stabilize at the bottom, the rebound is expected to reach $120,000 - $145,000.

3. Long-term: A slow bull market may emerge under loose policies: The Federal Reserve is likely to lower interest rates, which would release liquidity, and whales and long-term holders are quietly accumulating coins. Although institutions are currently a bit cautious, as long as ETF funds return, coupled with Bitcoin's strong seasonal patterns in the fourth quarter, it is highly probable that it will experience a slow upward trend by 2026; however, a massive surge may need new favorable factors to boost it. $BTC $ETH $BNB #比特币走势分析