2.4 All rebounds are paper tigers 1. BTC's weekly 20/60 moving averages have formed a death cross, and it has broken below the previous weekly low of 74,500. A lower low has already been created on the weekly chart, and the weekly trend has entered a bearish phase. 2. This level of trend won't end in just two or three months, and the moment of true panic hasn't arrived yet. The major bottom is likely something for the second half of the year. 3. The resistance level above has shifted down to 81,000-84,000, and both highs and lows will continue to move lower.