Behind the Fluctuation of market data often lies clues to market turning points. Looking at the performance of the past week, Bitcoin has been fluctuating around 85000 dollars, leaving many investors feeling stuck in this tense situation. However, from a different perspective, this horizontal consolidation precisely indicates the critical point of market direction choice.

While most people are still struggling with buy and sell choices, market data details are already conveying information. The formation of the MACD golden cross, the defense of key support levels, and the movement of on-chain funds—these signals from different dimensions are pointing in the same direction.

**What position is the current market in**

Let's review the data background. Bitcoin has fallen from its high of $126,000 in October, with a cumulative decline of nearly 30%. Such an adjustment is understandable from a technical perspective. However, the performance in recent weeks has been significantly different from earlier.

As of the data on December 20, Bitcoin has broken through the $88,500 mark, with a daily increase of 0.19%. This percentage may seem insignificant, but there is much to consider behind it. The uniqueness of this candlestick lies in the fact that it first dipped to $87,966 after opening, and then quickly rebounded, reaching a high of $89,362.

This trend reveals a key signal - the buying power below is clearly strengthening. The market has shifted from a one-sided decline to a stage of fluctuating consolidation.

**Why it is believed that the downtrend has ended**

Observe signals from several dimensions: first, after the price stops falling at a key support level, it begins to repeatedly test the upper resistance, indicating that the focus of the market's offense and defense is shifting. Second, on-chain data shows signs of accumulation in the holdings of large holders recently. Third, the golden cross pattern in technical analysis is gradually being established, which is usually a prerequisite for a rebound.

These factors combined indicate that the downtrend cycle may have come to a pause. The specific subsequent performance needs to be observed to see if there can be an effective breakthrough of the recent high points.