BIT: Bitcoin is now clearly in an oversold range, with some indicators starting to show marginal recovery.

Foresight News reports that BIT tweeted, "The announcement of a ceasefire, rising inflationary pressures, and anticipation over the transition of the Federal Reserve Chair should, in theory, drive more pronounced market volatility. However, Bitcoin's overall reaction remains relatively limited. Multiple variables have emerged consecutively, yet the market's response has been muted—phenomena that merit attention. From a geopolitical perspective, there remains considerable uncertainty regarding the implementation of the ceasefire arrangement facilitated by Trump. Iran's influence over shipping in the Strait of Hormuz remains significant, with relevant traffic levels still markedly below normal."

From a technical standpoint, Bitcoin is evidently in an oversold zone, with some indicators starting to show marginal recovery. However, it's still too early to judge that the downward trend has ended based solely on these signals. In 2022, a similar oversold condition persisted for months, and although there were rebound signals during that period, a real reversal did not materialize. Rather than whether indicators will rebound, the focus should be on which price levels will trigger a market repricing and how two key events scheduled for next week will unfold."