Looking at the weekly trend of BTC, I suddenly realize it closely resembles late January 2022.

Here are some key signals: First, a clear double-top pattern, and then the price has already broken below the MA60 line that separates the bull and bear phases. Currently, it’s hanging between the MA120 and MA60. More importantly, the MACD indicator has dropped below the zero line.

What does this technical combination imply? In the next month, the most probable scenario is sideways movement, with a volatility range between 80,000 and 100,000. Keep an eye on whether there will be a second test of support in the next one or two weeks—if it can hold the previous low support at 80,000, then there’s a chance to repeatedly push towards the 100,000 mark. If it doesn’t hold, we may need to look for lower support levels.

This is the current technical situation; don’t expect a one-sided trend in the short term. Be patient and wait for key levels to be confirmed.