If you believe the market peaked in October and is affected by any seasonal factors, then you also need to accept that we are now very close to the bottom.

What we see on this chart is not the final result.

This is a reset, let's talk about why 2026 still holds promise.

The "peak" narrative ignores what actually happened in 2025.

Although prices continuously reached new highs before 2025, the momentum did not sustain.

The RSI indicator continued to reach new highs, which is a typical divergence phenomenon.

But this does not mean the bull market has ended.

It means the market needs time to cool down.

This correction serves that purpose.

We did not experience a crash but rather went through a controllable pullback. Local highs, local lows, structure intact. This is healthy.

This is the strategy that a strong market will adopt during liquidity adjustments. This correction is to readjust momentum; look at where RSI is now, it has returned to the bottom.

In the same area where the previous uptrend began.

Every time momentum touched these lows in the past, prices did not crash.

It rebuilt and continued to develop upwards. This is an important part that people often overlook.

The market structure has not changed, only momentum has kept up; when prices remain high and momentum resets, it usually means one thing:

Less energy is needed for the next leap, allowing for a higher jump.

This is why this phase can be confusing.

Although it is not exciting, it is necessary.

So why does 2026 look like a continuation?

The chart does not show a stagnant market.

It shows higher lows, greater volatility range, and repeated momentum resets.

This is not the end of a four-year cycle, but rather the growth of the market.

Liquidity is now more important than halving.

Interest rate cuts, balance sheet adjustments, and capital rotations are more important than the old timetable.

If October is a local top, then this area is a local bottom.

After going through such a phase, the market usually rewards patience.

So, it is not without volatility now.

If economic momentum has recovered and the structure remains unchanged, then 2026 may hold unexpected surprises.