☁️ beholding the sun blazing forth from a cloudy sky ☀️ Is BTC likely to become an epic bull market? As shown in Figure 1, Bitcoin has experienced a strong rebound after hitting around 112K in recent days, with a momentum of breaking through the bamboo. It has broken through the historical high of 123K to continue creating ATH momentum, and the current price remains around 122K However, it is worth noting that the current Bitcoin price is within the bearish wedge, with the maximum target range above being around the upper edge of the bearish wedge ± 125K Although the price performance is relatively firm and strong, the current volume and delta display show that although the buying volume is currently dominant, the overall trading volume of funds has not significantly increased, while showing a trend of shrinking volume Generally speaking, the construction of a bearish wedge requires not only meeting the basic conditions of the structure, but also taking into account changes in market trading volume and other external conditions, such as macroeconomic data, positive fundamentals, negative information, etc Overall, the current trading volume and pattern meet the basic conditions of a bearish wedge, but attention should be paid to the specific changes in trading volume when the price touches the upper edge of the wedge. If the contraction trend is maintained, there is a high probability that it will become the starting and falling point of the top price As shown in Figure 2, it is the monthly K rise channel of Bitcoin, which is one of the important dimensions that I have been continuously tracking and updating for many years, and is also well-known information to most followers The current channel is located at the lower edge of the K mid track range for this month, with prices around 127K. It is also worth noting that the bearish wedge in Figure 1 is located below the mid track of the K channel for this month In summary, there is a high probability that 125K-127K will become the endpoint of this round of upward trend However, it should be noted that if the K closing line of this month effectively breaks through 127K, we will have a high probability of continuing the unilateral upward trend of the bull market and ushering in an epic bull market!!!