1.20 Is the rebound over? 1. Since December 18, BTC has been moving in an upward channel. Although the highs and lows have been rising, the pullbacks have been relatively large, and trading volume has been somewhat sluggish. Overall, it's a weak rebound, and from a long-term perspective, it's a secondary correction in a major downtrend. 2. In the short term, the current price has returned to the lower boundary of the channel. It won't easily drop below this level, and a rebound is likely to form here. The key is to watch the strength of the rebound. BTC ETH