We are in one of the most critical weeks for Bitcoin.

I've been sharing this formation for Bitcoin for perhaps months now, and I can say it's been working well.

I've frequently stated that the $98K resistance is important for the #bitcoin price. Because if there's a reversal from this resistance, the formation will be considered to have worked like Quasimodo. The price reversed downwards from $97950. What I need to pay attention to now is the $88450 trend. If the $BTC price works below this trend, I will consider the formation target to have been reached and the main downtrend to have begun.

If there's an upward reversal from this trend, the price will go to the $102K-$110K range one last time and continue into the bear market from there.

The Japanese interest rate announcement on Friday will clarify this situation. Therefore, I will update this analysis again on Friday. #BTC