Expectations have basically been met. Currently, besides not having precisely touched the orange line, $BTC is considered to have gained support along the yellow line in the upper part of the oscillation channel!
The spot premium index showed a significant rebound last night, but has started to decline again, which is unfavorable for bulls and indicates that the buying pressure from USD spot funds is not sufficiently sustained.
In summary: Currently, the probability of the 4h to daily levels transitioning into a sideways market is greater than the probability of trend continuation. If the sideways movement lasts a week, the final retracement test target will gradually shift upwards to the middle line.
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