ASR-VC Indicator 4 Hour Channel Status:
BTC is currently still in a bullish trend, however, its upward momentum has significantly slowed. The price has tested the orange line support multiple times, and if a slight reversal occurs, once it breaks below the orange line, this point could become a key turning point.
When the orange line has not been broken, the price generally oscillates upwards along this line; however, if it breaks below the orange line, the price is likely to retest the yellow line support.
Generally speaking, every strong bullish market tends to go through the following stages:
Stage 1: The price breaks through or approaches the orange line (which is the average resistance level).
Stage 2: The price oscillates upwards along the orange resistance line, slowly digesting market supply.
Stage 3: The price accelerates upwards until it touches or breaks the red overbought line.
Stage 4: The price enters a range of oscillation or correction. If the price does not break below the yellow line and re-enters the oscillation channel, it may still maintain an upward trend.
Stage 5: If the price breaks below the yellow line and enters an oscillation range, the bullish trend will end, and the market will enter a consolidation phase, waiting for new trend signals to emerge.
Therefore, the bullish trend still dominates at present, and the price's upward momentum remains at the level of early November, with a focus on whether the price will return to the oscillation channel and break below the yellow line.
