Bitcoin (BTC) has successfully retested the blue support at $55,850 and has consolidated this level on the daily timeframe.

Since then, Bitcoin (BTC) has once again returned to the bottom of the black channel.

Currently, Bitcoin (BTC) is trending favorably, with a weekly close above the bottom of the channel.

However, it is worth noting that Bitcoin (BTC) will not achieve long-term gains outside the bottom of the channel.

If the final weekly close is below the bottom of the channel, Bitcoin (BTC) needs to close above $58,150 on a weekly basis to successfully return above the bottom of the channel.

If you are still on the sidelines and cannot see the market trend clearly, only falling due to bullishness and rising due to bearishness, come to my personal main leaf to find me

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