Many people do not understand this passage, so let's put it simply.

Bitcoin and Ethereum are currently in a daily level downtrend channel.

Bitcoin has not broken out of this yet; in fact, when Bitcoin touched the low points of 80600 and 84000 twice on the daily chart, it was trying to build a bottom. The bullish and bearish candlesticks from the 1st to the 2nd are preparing for a subsequent rally. Currently, the resistance at the edge of this downtrend channel is still in the 96-98 range; breaking through this level would mean exiting the downtrend channel and welcoming a reversal market. This is something that can be broken in the short term. If this upper range cannot be reached, then time will be needed to accumulate and exit this downtrend channel, which means it needs to stabilize above 93000 points after the 12.20 date as well (just to mention, as time goes on, the edge points of the downtrend channel will lower). Then the subsequent market will reverse. The first stage is to see if we can stabilize above the 96-98 range, which would allow us to see the upper range of 104-108. The second stage would be the 116-120 range. Conversely, if we cannot break through this downtrend channel resistance point, there will continue to be consolidation, which belongs to the right-side breakthrough reversal outlook.

Ethereum and altcoins are now a bit different; according to the downtrend channel, most altcoins and Ethereum's movements are nearing the downtrend channel and are about to break out. The previously focused point of the 33-34 range is now lowering over time. Now, we only need to break and stabilize in the 3220-3260 range to determine a breakthrough and reversal of the downtrend channel. The first stage is to watch the 35-36 range, and the second stage is the 40-42 range. Currently, the lower support is in the 28-29 range.

In summary, this is purely my personal opinion and does not constitute any investment advice.