[Analyst: Bitcoin Forms Descending Wedge on Daily Chart, Market Likely to Enter Consolidation Phase] Odaily Planet Daily News - Analyst Killa posted on the X platform, stating that Bitcoin is forming a descending wedge on the daily chart, and their plan remains unchanged, expecting the market to maintain a consolidation range. Even if the price breaks out of this pattern, caution is advised against potential false breakouts, as the market has not yet experienced a sufficiently long consolidation period. Approximately 80% of the market's time is spent in consolidation, with 20% in trending movements or corrections. Considering the market has previously experienced significant upward movement, it is more likely entering a consolidation phase. Therefore, avoid chasing price increases unless the market trend proves otherwise; the expectation should be that the market will maintain a consolidation range.