Views on BTC long, medium, and short term

1. In the long term, it is in the upper half of a major downtrend; the uptrend that started in 2023 has ended, and the corresponding pullback will last for more than six months, with a decline of over 50%.

2. In the medium term, it is currently in a downward continuation, which will see a rebound lasting 2-3 months, continuing until January, with a final target around 100,000.

3. In the short term, the hourly bullish structure has been broken, and the price will test the bottom again; after the second test, a strong rebound will follow.