BTC has not shown any different signs so far.

There has been a decent initial rebound from the .382 Fibonacci retracement level of the entire cycle trend.

This is also the lowest point that the price can theoretically reach without breaking the weekly market structure.

For me, there is a clear invalidation point in the larger time frame perspective. Falling below the November low would put bulls in a very dangerous position.

As we approach the end of the year, many 'four-year cycle sell-offs' should gradually decrease.

I think the first quarter of 2026 will be very interesting because it will tell us where this cycle is headed next. $ETH $BTC $SOL #加密市场反弹 #美联储降息