Thoughts and Confusions About the $BTC Bull-Bear Boundary



I have been thinking about a question these past few days, and I would like to openly discuss it with everyone here.
For $BTC , we all know that in every round of the bull market process, the weekly support of BTC is a simple yet important boundary line for determining bullish and bearish trends.

Professional traders should understand the difference between "ordinary coordinates" and "logarithmic coordinates" in candlestick charts. Logarithmic coordinates are often used in larger time frames and are more accurate. In smaller time frames, the difference between the two is not significant.

Here is my personal confusion.

As shown in the figure below, in the bull market process of $BTC for the previous and current rounds, if the K-line chart is based on [ordinary coordinates].
It can be seen that during the last bull market cycle, BTC fell below the weekly support on January 22, 2022, indicating a clear transition into a bear market.
In the current cycle, BTC has not yet reached the weekly support level again since the low point on November 3.

If we take the [logarithmic scale] as the standard, the situation is completely different, as shown in the figure below.
It can be seen that during the last bull market, $BTC actually pierced through the weekly support on December 5, 2021. After the subsequent rebound at the end of December was suppressed by the support line, it broke the weekly support again at the end of December, indicating a clear shift to a bear market.

The [logarithmic scale] determined the bull and bear trends in the chart a month earlier than the [normal scale].

In the current cycle, $BTC has pierced below the weekly support at the low point on November 3. It is currently rebounding towards the support line area.

And everyone can carefully compare the two charts. In the chart with the 【logarithmic scale】, $BTC actually shows a more obvious SOT situation, and the weekly increase is becoming increasingly weak.

So how should the weekly support for the current $BTC be drawn more accurately? Should it be based on the "ordinary coordinates" or the "logarithmic coordinates"?

The two have once again shown significant divergence during this round of bull market. Will the same situation occur again? The [logarithmic scale] has actually determined the bearish trend of $BTC a month ago.
Still based on the [ordinary coordinates], the current $BTC has not yet reached the weekly support, is it too early to say the market is entering a bear phase?

The above is my personal thoughts and confusion.
BTC-0,71%
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