From the current major trend of Bitcoin ($BTC ), it aligns with the process of bottoming out.
We also mentioned this bottoming process in our previous market analysis, and the current market is in a critical period of bullish and bearish transition.
Since Bitcoin has returned above the weekly acceleration trend line and has broken through the descending channel, the state exhibited is a double bottom structure. If we look at it from the perspective of right-side trading strategies, what is currently forming is a head and shoulders bottom pattern.
The next step is to focus on the resistance level of 88000. Once this level is broken or if a long-term consolidation trend forms during this phase, it will bring us more opportunities, allowing us to continue to adopt an aggressive strategy for operations.
Now everyone just needs to pay attention to this level; once it breaks, I will reorganize a new round of expert analysis for everyone's reference.