According to Trader Tardigrade (@TATrader_Alan), Bitcoin (BTC) has recently formed a sequence of price channels on the daily chart, including a small parallel channel, a medium-sized ascending channel, and now a large descending channel (source: Twitter, June 23, 2025). These evolving technical patterns indicate shifting momentum and highlight potential resistance and support levels traders should monitor for optimal entry and exit points. The current large descending channel suggests a period of consolidation or possible retracement, making it crucial for crypto traders to track channel boundaries to anticipate breakout or breakdown scenarios.