BTC has quietly risen close to the 0 axis, and I am waiting for it to reach around 108,000 at the 0 axis.

This descending channel looks like an effective oscillation range. If BTC struggles to drop deeply to around 88,000, then the probability of breaking upwards and reaching new highs around 150,000 to 160,000 is relatively high.

It is important to pay attention to the oscillation structure of this descending channel and the changes in strength of both long and short positions, because once it breaks upwards, the target price is 150,000 to 160,000. Be prepared for both scenarios!!