$BTC 4-hour demand zone has been broken, and a new secondary supply zone has formed near the middle band. Spot premium has once again declined, and it seems that a new low-level oscillation range is about to form (the area marked by the white dashed line in the chart).

Currently, the overall channel has not significantly moved downwards, and there is still a possibility of a short-term rebound. If, after two days, the channel has clearly moved down and the price cannot stay above the middle band like last Friday, then we will start to see a oscillating downward trend;

Initially, we can see a test of 108k, which happens to be at the position of the blue average support zone.

Last night, I tried to catch the needle, but just now it broke below the demand zone, so I closed the position. The pattern is not forming at all, completely not forming...