Will the market reverse this month? Personally, I’m leaning bullish.

First, on the macro side—rate cut expectations combined with a pause in balance sheet reduction means there’s some support for liquidity.

On the technical side: there have already been four consecutive weekly red candles, so the correction has lasted long enough. The key is the 80,000 level, which from the chart looks like it’s forming a bottom.

Of course, the market can change quickly, but with these two factors combined, the probability of an upward move is indeed increasing.