If BTC continues to show a downward retracement on the weekly chart this week, it is very likely to confirm a weekly death cross next Monday or the Monday after, which indicates a secondary top divergence.

If a single weekly top divergence at least brings about a period of deep retracement on the weekly level, then this secondary top divergence could at least lead to a technical bear market...

Therefore, the current market really needs to give a strong push for the bulls; if they do not continue to rally, both trend momentum and sentiment will face increasing pressure...

I have always preferred not to call out divergences before they are confirmed, so this time I am more inclined to wait...

Overly subjective expectations are harmful.