BTC Daily Structure Switch: From Wedge to Channel

The BTC daily level is experiencing a key structural transformation, transitioning from a wedge pattern to a channel pattern.

In the short term, it is essential to focus on the signal of 'breakout with increased volume from the descending channel': once the daily level can successfully stabilize at the upper edge of the channel, the subsequent target can look towards around 117000. At the current position, it is not recommended to be overly bearish; from the risk-reward ratio perspective, the profit-loss ratio for going long is significantly better than for going short.