Recently, Bitcoin has once again reached a crossroads. Looks familiar, right? During this period, the market has experienced one false breakout after another, with prices oscillating at high levels but never establishing a solid trend, no wonder everyone feels confused.

However, from the chart perspective, the Bitcoin daily chart shows a volume-contracted breakout below the downward trendline. Is this a genuine rebound or just another deception? It's hard to tell for now; we need to see how the subsequent movements unfold.

**Good news on the macro front**

There are no major risk events hitting this week. The previously anticipated Japanese interest rate hike has been implemented, turning into a phased positive signal. Additionally, the latest US employment and CPI data suggest a more accommodative monetary environment by 2026, and the market has begun to anticipate a rate cut cycle, which is obviously positive for risk assets.

In the short term, there are basically no systemic bad news on the macro level. Moving forward, we should keep an eye on EIA crude oil inventories and initial jobless claims data, but honestly, these are just peripheral factors and won't determine the overall trend.

**What are the weekly and daily charts indicating?**

The weekly chart shows two consecutive weeks of volume-contracted doji stars, with bulls and bears still in confrontation, and the market has not yet given a clear signal. This kind of small-scale weekly pattern, when transmitted to the daily and hourly charts, usually leads to very tangled trading—appearing as if anything could happen, but in reality, nothing has been confirmed.