After careful consideration, I found two logical flaws: 1️⃣ Misinterpretation of patterns: An ascending wedge is a bearish pattern, and breaking below the lower edge means the trend is ending, not a buying opportunity. 2️⃣ Pseudo-correlation: The high correlation between Bitcoin and U.S. stocks does not mean its volatility will align with U.S. stocks. A 10% drop in U.S. stocks is considered a crash, while a 30% drop in the crypto market is only seen as a correction. Using the 'stability' of U.S. stocks to argue that BTC 'won't drop significantly' ignores the high beta nature of crypto assets. Once liquidity tightens, BTC's decline will still be several times that of U.S. stocks. 😅

《普通人的加密货币交易手册》2.4版发布，免费领取!
1. Analyzing from the chart
First, look at the chart, this is the weekly line of Bitcoin, the line chart since 2018. (The line chart is drawn based on closing prices, which can reduce some noise for medium to long-term analysis.)

In terms of form, there is a huge upward wedge, and the lower edge of the form is also an upward trend line, which is a structural support and may be the bottom of this round of pullback.
The previous bull market was a double top structure, with the top of the line chart (calculated based on weekly closing prices), the support range formed by the double top is 60000-66000, and according to the candlestick chart, the top is 64800 - 69000.