Technical Analysis and BTC Update 📈🔍

After Bitcoin reached the support level in the Jan square bottom region and broke the trendline on the daily timeframe, the situation becomes clear as follows 🧐📊:

Our expectations point towards price oscillation in the upcoming period, where the price will range between the zone of 26500 and 24770. This movement might coincide with the entry of a new time cycle within the Jan square 🔺.

We have noticed the expansion of significant resistance along the same distinctive red trendline. A potential interaction between the price and this area could eventually lead to the formation of a bearish pattern 📉🔴. We must closely monitor the price action developments following the significant preceding momentum.

If the price manages to break the support level at $24500 and closes below it with a daily candle, this could potentially trigger a sharp descent and the formation of a new bottom 🚨 ⚠️📉.

Please note that this technical analysis is based solely on current data, and we recommend attentively following upcoming developments to make well-informed decisions 🚀👀.