ASR-VC indicator 4h channel status update:

BTC is testing the middle track. Whether this half-month-long correction can end depends on whether the middle track can stand!

We have previously discussed that there are two ways to end this correction after breaking the new high:

1. The price stands above the middle track, and the deep correction is replaced by sideways fluctuations, exchanging time for space. At present, there is still hope to avoid a larger level of correction;

2. Use space for time, that is, the price quickly pulls back to the blue average support band, obtains strong support V-reversal at 85,000-86,000, confirms the position of the lower edge of the large range, and then ends the pullback and starts to rebound, and maintains the fluctuation of a larger range;

In the next 24 hours, focus on the performance near the middle rail, because just like before breaking the new high in the past, the price of BTC has repeatedly stepped back and falsely broken the middle rail, so now we also have to consider the possibility of the price moving up and down near the middle rail for a false breakthrough;

If the middle rail can be confirmed to stand on, then the short-term upward target will continue to the yellow line position, which happens to be near the upper edge of the higher level range of 100,200;

If the price is grinding here on the middle rail Chirp, if it doesn't rise when it should, then the price will still maintain the original trend due to the high slope of the descending channel, and will pull back to test the cyan line again. By then, the price of the cyan line will be lower than the price of 92,000 at the bottom of the small range, so there will be a greater probability of a deep pullback to the blue area;

To sum up: the 2,000-dollar range of 95,000-97,000 is a decision point for the reversal of the pullback trend. A complete breakthrough of this white small range in the figure means that the pullback is likely to end here. If it still cannot break through and starts to go down again, then the last drop of this wave of pullback will come;

After all, the first weekly level deep pullback after the bull market high must be to drive the bulls off the bus. $BTC