$BTC has formed a standard descending channel, generally viewed as a bullish structure;

If the price can maintain a period of oscillation in the upper half of the channel for a while in the near future, the probability of a breakout from the channel will increase. However, until the breakout is confirmed, going long still carries risks, as we do not know if the price will move back and forth along the channel again...

After all, the descending channel structure of 2024 is just like that, extremely nauseating...