Have you finished analyzing this week's market? Bitcoin seems to be nailed in place — over the past month, it has been oscillating between 84,000 and 94,000, with neither bulls nor bears able to gain the upper hand.

But the latest on-chain data is sending a key signal: the market is approaching the end of the "converging triangle," and a trend reversal could occur next week.

The current question is clear: Is this the bottom forming, or just a strange calm before a sharp decline? We used multi-timeframe analysis tools to get a clear picture:

**1. All levels are dominated by bears**
Don’t be fooled by this sideways movement. On the weekly, daily, and hourly charts, the structure still shows bears in control. A true reversal would require a volume breakout and a firm hold at key levels — but such signals have not yet appeared.

**2. $91,000 is the critical threshold**
The order book heatmap shows heavy sell pressure in the 91,000–91,500 region, making it a battleground for bulls and bears. As long as the price cannot stay above 91,000, every rebound is an opportunity for bears to re-enter the market.

**3. Smaller timeframes are revealing clues**
Before a major trend begins, smaller timeframes often show early signs of weakness. Currently, the hourly momentum indicators are still in a rebound failure state, with no confirmation of a bottom reversal.

So, what should we do now? Don’t rely on intuition — let the data guide you. Set alerts at key levels, prepare contingency plans, and wait for clear signals before taking action.