Benefiting from the passage of the encryption bill, BTC has tested the orange resistance zone again, but ultimately the 4-hour line still formed a long upper shadow, which means that the previously expected descending wedge is still possible.

It can be seen that the recent price behavior has obviously started to lean towards oscillation, with the price testing the yellow line twice, both supports proving effective, followed by a rebound in oscillation upwards.

Currently, there are basically two thoughts: to continue maintaining this upward channel for oscillating upwards, or to break below the yellow line for an oscillating correction.

Subjectively, I hope for an oscillating correction, as this would be more favorable for future increases, especially if the price can retest the middle track during this period, it would be even more perfect.