ASR-VC indicator 4h channel status update:

There hasn't been any update on the channel status in the past two days because there's really nothing much to say about this structure. After the price of $BTC tested the lower edge of the oscillation channel (cyan line), it started to rebound. The short-term target we can still see is the retracement to the middle track (116.9k);

As the entire channel is starting to decline, it is very important to see if we can return to the middle track!

Returning above the mid-line indicates that the market can continue to maintain a range-bound movement and has the potential to test previous highs. However, if it cannot stay above the mid-line for an extended period, the overall trend will increasingly develop towards a bearish structure.