#Bitcoin on-chain indicators are at the bull-bear boundary. I expect this to be the longest bull run in history, but I could be wrong. We need at least another month of data to confirm whether we’re entering a bear market. If demand doesn’t recover, indicators may fully signal a downtrend. Based on the typical two-year cycle, the bull market should last until April 2025—I mentioned this back in May 2024. The next month or two will be a key turning point for the BTC market. If every indicator confirms a downtrend, I'll admit I was wrong and post about it. But as I said earlier, I think the chances of dropping below 77K are low. Even in the worst case, I see a high probability of consolidating around 77K for a few months before moving back up. I don’t think going heavy on leveraged directional bets—long or short—is a good move right now, imo.