$BTC Weekly MACD confirms a death cross + top divergence. Reviewing the 4 instances of top divergence on the BTC weekly chart over the past 5 years, only the one in 2022 resulted in a divergence correction that broke below the previous low (creating a new low) and led to a bear market.
During this bull market, although there have been 2 instances of top divergence, the corrections that followed did not lead the weekly chart to create lower lows, so they ultimately ended with corrections.
Therefore, the current key price level on the weekly chart is naturally set at 98225. If the price falls below this level in the future, it indicates the market's intention to turn bearish. However, if this price level cannot be broken, the bull market will continue and attract a large amount of short liquidity to fuel the next new high...
Regarding the top divergence in 2023, I did not pay attention to the signal that the low did not break down and chose to short, which ultimately became fuel. I should not make such a mistake again in 2025...