The analysis indicates a prevailing bearish outlook for Bitcoin (BTCUSDT), despite a recent rally. Bitcoin has dropped from a high of $126,000 to approximately $80,000, and is currently retesting the 2-week 50 Exponential Moving Average and the 1-week Gaussian Channel center line. Historically, being clamped between the center and lower bounds of the Gaussian Channel suggests a negative price action. The 2-week Relative Strength Index shows a clear momentum triangle breakdown, further supporting a cautious or bearish stance. While local support is present, it is not considered robust enough to negate the broader bearish signals. The macroeconomic environment, monitored via the US Dollar Index (DXY), reveals an inverse correlation with Bitcoin. DXY, currently at 98.907, is at a short-term resistance but has recently retested a significant, unbroken long-term support line originating from the 2008 global financial crisis. An anticipated bounce in DXY is projected to put further downward pressure on Bitcoin. Similarly, the S&P 500 Index (SPX), currently at 6,839.04, often lags Bitcoin's market cycles. The expectation is for SPX to potentially reach new all-time highs before experiencing a significant downturn, aligning with a broader bearish macroeconomic trend. The 4-year Bitcoin cycle analysis projects a suspected top in October 2025 and a bottom in October 2026. Key resistance for Bitcoin is identified around $96,000-$102,000; a sustained break above this level would be necessary to invalidate the current bearish assessment. The confluence of these technical and cyclical indicators points towards continued downside for Bitcoin.