ASR-VC Indicator 4h Channel Status Update:

$BTC fell below the middle track of the channel, and tonight there has been a certain rebound, with the target near the middle track. Due to the spot premium still being high, the overall market structure remains a high-level range oscillation.

As for whether this constitutes a double top, the neckline currently stands at 112k. If this price level is broken, it will confirm the formation of a double top.

A rough guess is that the market in the next two weeks will likely maintain a large range oscillation. If the neckline is not broken, there is still a chance to test 123k. If it breaks, this wave of market will come to an end...

Before the interest rate cut, the funds expected for trading will gradually leave the market, and it will only return after a significant pullback following the interest rate cut. If the double top is confirmed in two weeks, the pullback target can initially be seen around 101k. $BTC