BTC's weekly 2nd wave and 4th wave look quite similar—are we about to see a major price drop? 1) Consolidation time and structure 2nd wave consolidation time: 60 days; structure: ascending channel 4th wave consolidation time: 50 days; structure: ascending channel 2) After breaking below the lower boundary of the ascending channel 2nd wave: Price retested, weak rebound, sideways consolidation for three days, then a sharp drop 4th wave: Price retested, weak rebound, has been consolidating sideways for two days Prediction: BTC is likely to consolidate sideways for another two to three days before a significant drop. On top of that, early April will see the U.S. releasing some key data, which doesn’t look optimistic and could act as a catalyst for BTC’s potential plunge. Early April is shaping up to be increasingly dangerous for BTC’s price movement!