Bitcoin closed yesterday forming a bullish candle with a long lower wick, successfully returning above the support level of the upper channel in the daily chart, indicating that the longer still has some strength.

It is worth noting that the overall daily chart channel still maintains a slow upward trend, which suggests that an early short strategy may not be wise.

On the technical side, the phenomenon of Bitcoin finding support at the upper channel suggests that the high-level consolidation phase may last for a longer time, exceeding market participants' expectations. At the same time, the continuous upward movement of the upper channel leaves enough space for subsequent new highs.

Assess whether the daily chart bullish trend has ended, key points to observe are: first, whether the price can hold above the upper support of the channel, and second, whether it breaks below the middle line of the channel to confirm a bearish signal.

Looking at the current market situation, the Bitcoin longer trend is temporarily stagnant but has not yet ended, while the short trend has not truly begun to form.

In this technical pattern, investors need to remain patient and wait for clearer market direction signals to emerge.