Bitcoin $BTC hasn’t effectively broken below the 4H EMA20, so there’s still a good chance it could rebound toward the EMA50 or even the EMA100 zone. But a rebound doesn’t mean a reversal. Whether looking at the EMA system arrangement or the price structure, Bitcoin is still in a downtrend. The recent two-day rise is more of a technical rebound after an accelerated oversold phase and doesn’t change the overall trend direction. As for when a reversal or bottom confirmation will occur, there’s no need to predict. The market will gradually reveal clearer structures and signals through consolidation and testing. (For example, higher highs and lows + respecting oversold conditions while ignoring overbought ones.)