Today's interesting movement in the Bitcoin market has caught my attention. Observing the weekly chart, we can see that a double long wick candle bottom formation has formed, which is generally considered a potential reversal signal. It is worth following that although the Bitcoin price has fallen, it has still held the middle band support of the weekly trend channel. The defense of this key position brings positive signals for the future market.

If the price can remain above the middle band, we may see further upward momentum. However, investors also need to stay vigilant. In extreme bull market conditions, the price area marked in the chart could become the endpoint of this rally. It is particularly important to note that if the price falls below the red middle band, this may indicate the end of the bull market.

In this case, market participants should act cautiously and closely follow price trends and changes in trading volume. Although the current situation looks relatively optimistic, the volatility of the cryptocurrency market remains high. Rational analysis and risk management are crucial in any investment decision.