Hello everyone, I have recently conducted some analysis on the trend of Bitcoin. From the weekly chart, Bitcoin shows signs of a double long wick candle bottoming, which is a technical signal worth following. It is noteworthy that the middle band of the weekly trend channel has not yet been broken, which to some extent maintains the integrity of the rise.

Currently, the price of Bitcoin has rebounded. If the price can stay above the current level, we are likely to see further rises. However, we must also be vigilant about potential extreme situations. If we really enter a bull market, the price positions indicated in the chart may become the peak of this bull market.

However, investors need to pay special attention to the fact that if the price falls below the red middle band of the trend channel, it may indicate that the bull market has ended. In this case, investors may need to reassess their strategies and even consider temporarily withdrawing from the market.

Overall, the current market situation presents both opportunities and risks. Investors should closely follow the price trends, especially the performance of key support and resistance levels, in order to adjust their investment strategies in a timely manner. At the same time, it is important to remember that the cryptocurrency market is highly volatile, and proper risk management must be in place.