Here's an overview of the possible trend of Bitcoin over the next month or so.

Let's start with the weekly chart. From a technical perspective, the lowest points are gradually rising, and the MACD is about to form a low-level golden cross, indicating that the overall downward momentum is weakening, while the upward strength is increasing. This pattern is a typical weekly B-wave rebound characteristic. According to the ABC three-wave decline theory, after the rebound, the market will enter the C-wave downward phase.

Next, let's look at the daily chart. During this period, the price has been oscillating repeatedly, with each low point moving higher. However, there is a problem—both trading volume and the actual capacity of the bulls appear relatively average, and market enthusiasm is not particularly high.

We also need to observe the movements of institutional ETFs. Data from the past two months show that net capital outflows have exceeded net inflows, indicating a decline in institutional participation in the market. This is a noteworthy signal.

Considering all these factors, my forecast is as follows:

If there are no sudden major negative news or black swan events, Bitcoin is likely to continue oscillating upward until early February, with a target range around 98,500 to 100,000. The specific daily chart logic has already been mapped out in the chart.

The key point is that around early February, Bitcoin will complete this B-wave rebound, forming a high point below 100,000. It’s important to remain rational: this is just a B-wave rebound within the ABC three-wave decline, a dead-cat bounce. The real big move—the C-wave decline—will start afterward.

What will the specific downward path look like? First, see if the 70,000 level can serve as support, then a significant rebound is expected, with the rebound target roughly around 80,000.

However, the true bottom of this bear market is actually around 58,000, and the timing window might not appear until June to August. I cannot give a precise date for the bottom, but this price range and timeframe should be roughly accurate.

Market conditions are changing, and we will adjust our view accordingly. But from the big weekly framework, the described downward structure and price expectations should be fairly reliable.