$BTC From a macro perspective, BTC remains negative after losing the weekly trend. Recognizing this is important because it helps maximize profits during rebounds. We use 3D divergence to speculate on short-term rebound movements, with a possible final target of 102K. Currently, this has been halfway achieved. A rebound is not a reversal.

The macro structure below 102K for BTC remains negative. It has been trading below this area for the 9th week. As long as this structure has not recovered, we assume BTC is trading a new trend, and its boundaries have yet to be formed and tested. Below the weekly SMA, this trend could be downward, potentially leading to lower levels this year. This is the bias we established in early October at 126K based on weekly/2-week bearish divergence(. While short-term buying is acceptable in a downtrend, long-term buying will only occur when our long-term signals flash.