Today, we analyze Bitcoin from the daily, 3-day, weekly, and monthly levels to see what updates are available:

First, the daily level remains in a bearish market. The previously expected downward dip to around 80,000 has not yet occurred, and it now seems less likely.

The MACD DIF appears to be rallying upward toward the 0 axis. Once it crosses above 0, it indicates that the bearish momentum is accelerating its depletion and bullish strength is increasing, which has bullish reversal significance. However, the daily level still has weaker influence over the market reversal, so let's look at the 3-day and weekly levels👇

The 3-day level confirms and reinforces the daily level. The KDJ is approaching the 50 line, with a golden cross around 40, which is a very strong short-term signal (of course, the daily KDJ's D value crossing above 50 is even stronger).

Meanwhile, the MACD is forming a golden cross below the 0 axis. The quality of this cross isn't very high—do you know where the best MACD golden cross occurs? Near the 0 axis during a secondary cross! (regardless of the level). What does this imply? Most likely, the MACD crossing above 0 will lead to a pattern of repeated rebounds and consolidations on the candlestick chart, ultimately resulting in a divergence between price and MACD.

Looking at the weekly level, first, check the RSI, which indicates a relatively confirmed bottom zone. Unfortunately, the MACD DIF is slightly away from the 0 axis, which is why I see the MACD's current golden cross at the 3-day level as weak. I am very hopeful that the 3-day MACD can form a strong secondary cross near the 0 axis.

Continuing with the weekly KDJ, the D value at the golden cross is around 23, which is not strong enough. This also confirms that the MACD's golden cross is somewhat distant from the 0 axis. In summary, these two indicators are very consistent: currently, the bulls are not strong enough. We can look forward to the secondary golden cross of MACD and KDJ. Usually, a strong bullish trend is indicated when the MACD's second cross occurs near the 0 axis and the KDJ's D value at the cross is at least around 40! (Note: the higher the D value in KDJ, the stronger the bullish momentum).

As for how far this bullish trend can go, we need to wait for the weekly MACD to cross above the 0 axis first, which will take at least two months to observe.

Now, looking at the monthly level: it seems this cycle might be Bitcoin's last dance. The KDJ is at 64. If there is another rally followed by a pullback, in a few months, the value could drop to around 50, which would essentially confirm a bear market winter.