$BTC Analysis
The current weekly chart of Bitcoin ($BTC) shows a structure of an upward correction. It is expected that the maximum amplitude of the correction may touch the starting point of the rapid rise, that is, the previous trading concentration area (US$40,000-45,000).
Recently, the bears have a slight advantage, and two consecutive bearish negative lines have appeared. A cross star candlestick was formed last week, showing that the divergence between bulls and bears is still large. Nevertheless, it can be temporarily regarded as a breakthrough signal for bears.
