BTC weekly trend is clearly bearish

The rebound is only a sign of weak repair
Nearly 100 days have passed since the adjustment on February 6
It has never broken through key resistance
Higher highs and lower lows keep coming down
It is ranging within the top area of a downward channel
Key resistance: MA200 + the upper edge of the Vika tunnel on the daily chart, with double heavy pressure. Yesterday’s rebound was capped below 82,000 and was rejected back down
Recently, retail investors have been massively following the trend to short
But it has never been able to make a new low
In the past two weeks, it has been slowly lifting while repeatedly testing the high area
This is a weak rebound + a tiring, choppy range
This is absolutely not a reversal signal
For the medium to long term, the outlook remains bearish
Wait for a breakout confirmation
Short-term key resistance: 82,000
Before it breaks through, hold your short positions against the rebound highs
Watch the market return to the channel and test the prior lows