$BTC After a sharp pullback from the high point and nearly a month of sideways movement, the market is subdued but not crashing. The trend is very similar to December 2022.

1️⃣ Weekly RSI has dropped into the oversold zone
2️⃣ Fear and Greed Index has fallen into the extreme fear zone
3️⃣ No one is talking about trading coins in the crypto chat groups anymore
4️⃣ Everywhere on CT, there are apocalyptic voices, and market sentiment is at an all-time low

In fact, $BTC OG's distribution has begun to weaken, institutions and whales are starting to accumulate, and the lower channel has also found support