Discuss the long-term trend of BTC

Currently, BTC's structure is very similar to a previous phase
Back then, it dropped from 80,000 all the way down
Then, in the downtrend, it rebounded to 98,000
It was an upward channel within a descending trend
On the surface, it looks like it's slowly climbing
But fundamentally, the main trend is still downward
This current phase has a similar structure—major trend downward, small cycles oscillating and rebounding
The characteristic of this kind of market is that it swings back and forth within the channel, appearing quite stable
But once the oscillation ends, it often continues downward
I don't know when this oscillation will end
The last time, that channel oscillated for about 2 months before ending
And this time, it's only been around 1 month so far
It's normal that it hasn't finished yet
Many people now consider 60,000 as the bottom of the bear market
But I personally think it's still early
It's more likely that most of this year's time will be spent in a bear cycle, with the only difference being where the rebounds happen in between
And there's a pattern in bear markets
The later it gets, the weaker the rebounds
Early on, there might still be a rebound of 1,000 to 2,000 dollars
The further along, the more cautious the funds become
Rebound space gets smaller and smaller
And then it continues to explore downward. #eth