Recently, affected by the bearish sentiment in the market, widespread selling has begun. Although I did not analyze this recent downturn in time, I am now sending a belated greeting. The main force has formed a strong breakthrough at the weekly level, breaking the channel line of the weekly chart. The continuation of the weekly chart will continue to open up a bearish trend, forming a panic before the reduction of BTC, causing the public traders to lose direction and completely crush the psychology of retail investors.

The current main sentiment is focused on shorting the rebound, especially paying attention to the 4-hour trend. The daily chart will complement the four-hour pattern to find resistance levels on the four-hour cycle. When the resistance forms and entry points appear, enter decisively. Do not lose doubt about judging the market due to short-term highs in the market.

The Bitcoin weekly chart has already formed a new round of bearish trend, with an obvious evening star pattern, reminiscent of the end of 2022. Do not assume that this is the bottom now and rush to buy the dip. The current bottom is an illusion, and it is actually the beginning of a bearish trend!

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