Bitcoin weekly trend now reveals an interesting signal—almost identical to the rhythm at the beginning of 2022. First, there was a sharp decline, then a sideways consolidation period, with two months of repeated fluctuations within a narrow range. Afterwards, Bitcoin attempted to break through the ascending channel but directly broke below the support.

This downward process continued until November when it finally bottomed out. From a technical chart perspective, the current ascending bear flag pattern is gradually emerging, and once it breaks downward, history is likely to repeat itself.

It is worth noting that the US core CPI data came in below market expectations, sending positive signals to traditional financial markets. However, for risk assets like Bitcoin and Ethereum, short-term volatility remains the main theme. Only after a clear bottoming signal appears will there be a real rebound opportunity. Various accumulation plans in the market have been waiting for this inflection point.