BIT Weekly Report: BTC Technical Indicators Show Oversold Signals, but the Bear Market Is Far From Over

According to BIT on Target’s weekly report, despite the recent rollout of multiple positive catalysts—including the announcement of a ceasefire, rising inflationary pressures, and heightened expectations surrounding the Federal Reserve chair transition—the Bitcoin market has reacted indifferently overall, significantly underperforming expectations. Technically, Bitcoin has already entered a pronounced oversold zone, with the weekly stochastic indicator showing marginal upward movement. However, the report cautions that relying solely on oversold signals to conclude the end of the downtrend remains premature: a similar oversold condition in 2022 persisted for several months, during which rebound signals ultimately failed to trigger a meaningful reversal. The report emphasizes that what warrants closer attention now is the price level at which the market may reprice itself, as well as the outcomes of two key events scheduled for next week. Geopolitically, while the ceasefire agreement facilitated by Trump has been reached, its implementation remains highly uncertain. Iran continues to wield substantial influence over the Strait of Hormuz, and related shipping volumes remain markedly below normal levels—indicating that geopolitical risks have yet to be fully resolved.