BTC may bounce, but the bearish trend is still in effect

The current sell-off is starting to wane, which could give Bitcoin time to consolidate.

A bounce to the $70-75k range is possible, but it is likely to be rejected.

The problem is that the overall regime remains bearish - liquidity is deteriorating both in spot and futures.

Historically, BTC rarely rises under such conditions.

⬇️ According to cycle estimates:

• end of the bearish trend — Q4 2026

• return of bullish momentum — Q1-Q2 2027

Typical bottom - around $45k. In case of macro deterioration:

• $30k - key support

• $16k - critical level for maintaining the long-term bullish trend.