$BTC Currently in a Mid- to Long-Term Downtrend

From a macro perspective, $BTC it is still moving within a clearly defined downtrend structure. On larger timeframes such as monthly, bi-weekly, and weekly, the price continuously forms lower lows (lower lows) – a typical sign of a bear market.
Not only that, the price is still being “pushed down” below important moving averages like the 21EMA and 50SMA on the weekly chart, indicating that the medium-term trend has not yet reversed. Until these lines are reclaimed, any hopes for a sustainable uptrend remain premature.
In the short term, the current movement resembles an accumulation phase within a downtrend rather than the start of a new bullish cycle. Any rebounds, if they occur, are likely to be technical corrections rather than a change in market structure.
Therefore, until clearer signals appear such as:
• Price reclaiming important MA zones
• Forming higher highs and higher lows structure (higher high – higher low)
the scenario of deeper declines toward the end of the year remains a priority.