[Technical Analysis] $AVAX/BTC Chart Bottoming Out! Will the "Only Chance to Turn Around in 3.5 Years" Repeat?

According to a crypto analyst's observation, the weekly chart of $AVAX against Bitcoin $BTC has been running in a descending channel since December 2021, and has been in a "only down, no up" structure for a full 3.5 years.

$AVAX/BTC has returned to the bottom of the channel again. Although the market sentiment has turned pessimistic, altcoins are generally sluggish, and Bitcoin's market share has reached a cyclical high, the analyst believes that in the next few months, $AVAX is very likely to experience another "escape wave," with a chance to at least touch the upper edge of the descending channel, allowing investors who are still holding positions in the short term to seize the potential rebound window.

⚠️The above content is only a market observation and technical analysis sharing, and does not constitute any form of investment advice. Investors should make their own judgments and pay attention to risks.