2026 Bitcoin (BTC) Macro Trends and Market Structure Outlook: Core Insights Based on Cycle Theory and Multi-Factor Analysis Framework. In 2026, the Bitcoin market will enter a deep adjustment phase of the "post-halving cycle," characterized by the failure of macroeconomic policy transmission, increased linkage with traditional financial markets, the fading of geopolitical risk premiums, and confirmation of technical top structures, collectively forming a market environment dominated by bears. The year is expected to present a three-stage pattern of "stepwise decline - bottom exploration - weak
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