BTC has come to a strong resistance level in the short term.

The trend of BTC, as we predicted, ushered in a decline. We can see that the trend of the downward stage has been slightly affected by the resistance of Fib Retracement and the lower end of the rising channel. If traders have shorted in our initial analysis, they can close their positions. At present, there is no obvious signal at this stage. Judging from the perspective of the resistance line alone, I think there will usher in a correction in the short term. The resistance line is estimated to be near the 0.382 line of Fib Retracement. Waiting for the market to test whether the resistance level is valid. In the long run, it is still the same view. The adjustment stage of BTC is coming to an end, and it is still considered a bear market in the long run.