#BTC The current weekly chart shows an upper wick Bearish line, with the price consolidating horizontally near the descending trendline. Key resistance above, the daily chart closes with an upper wick Bearish line, and the volume is increasing. After the upper wick retraces to the rising trendline, it falls back, facing short-term pressure. On the 4-hour level, the larger timeframe is in a fluctuating upward channel, currently operating below the middle band of the channel, with a primary outlook of bearish for the short-term.
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#BTC The current weekly chart shows an upper wick Bearish line, with the price consolidating horizontally near the descending trendline. Key resistance above, the daily chart closes with an upper wick Bearish line, and the volume is increasing. After the upper wick retraces to the rising trendline, it falls back, facing short-term pressure. On the 4-hour level, the larger timeframe is in a fluctuating upward channel, currently operating below the middle band of the channel, with a primary outlook of bearish for the short-term.