BTC Mid-term Market Analysis

BTC's recent rebound from around 80,000 was hindered by various reasons when attempting to reach 98,000, and it fell back to around 85,000. Last night, it rebounded again to around 90,000.
However, looking at the 1d and 4h trading volume, recent trading activity has not shown a significant increase. Additionally, the ahR999 and the Fear Index are quite low in the 80,000-85,000 range.
In every Bitcoin bear market, or more broadly, in most risk asset bear markets, the decline is rarely smooth sailing. Periodic rebounds are inevitable. Whether consolidating around 85,000-90,000 or touching 80,000 again, a rebound will always come.
What is somewhat special is that altcoins carry greater risks compared to Bitcoin. Although sometimes they seem to rebound strongly, their declines are even more rapid, making it difficult to react in time. For value investors, many altcoins no longer justify holding positions.
Despite the weekly chart showing a downtrend on the medium to large cycle, Bitcoin can patiently wait for a short- to medium-term rebound. This rebound might occur after the Japanese interest rate hike is implemented.
Regarding the long-term, Bitcoin remains bullish. The fundamentals are generally positive, including increasing numbers of countries' reserve plans, sovereign funds, coin-hoarding companies, and ETFs emerging, joining the ranks of coin accumulation. #非农数据超预期