🚀【Bitcoin bull flag pattern emerges, bullish sentiment in the market surges】🚀

According to on-chain data, Bitcoin's weekly MACD has been negative since April, but Bitcoin prices have formed a "bull flag" pattern in a slightly downward-sloping channel between $50,000 and $70,000. This is an interesting contrast to the ongoing MACD bearish signal.

📉 Although the MACD indicator has been bearish since the end of April, Bitcoin prices have not shown a sharp downward trend. Even during the panic selling in early August, prices were only suppressed between $55,000 and $50,000.

🔍 This phenomenon shows that sellers have failed to form a strong downward trend, and there is bullish sentiment beneath the surface price action in the market. Long-term weakness of sellers may mean that the bull market is about to recover and prices are expected to rise.

🌟 Let's wait and see how Bitcoin performs in the future!