【BTC】Weekly chart, history is always surprisingly similar
If you look closely, you will see that in the past, after breaking below the major channel at the end of 21 years, there was a decline. At that time, a 4-8 hour level channel was formed before breaking down, leading to a bear market.
Now it is the same with the 2D level channel. After the price reached the lower line, there was no rebound, but it mainly oscillated within a 4-hour level channel. Combined with what I talked about regarding the 4-hour channel these past few days, you should understand what I mean. Even if it breaks above the 4-hour channel, the price will most likely go to the 100-106K range before continuing the decline below the major channel and continuing the bear market.
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