According to Trader Tardigrade, Bitcoin's Gaussian Channel is providing strong technical support for BTC on the weekly chart, signaling a favorable environment for mid-term bullish strategies. The current position within the Gaussian Channel suggests that support zones remain intact, which may reduce downside risk for traders seeking entry points. This analysis is based on direct chart observations shared by Trader Tardigrade via Twitter on May 4, 2025 (source: @TATrader_Alan).

According to Mihir (@RhythmicAnalyst), to assess the health of a cryptocurrency, traders should analyze weekly charts starting from January 2023. Mihir emphasizes that using these charts provides a clearer picture of a coin's performance, helping traders make informed decisions. This approach is crucial for identifying underperforming or potentially risky 'crap coins' in the market. [Source: Mihir's Twitter post, March 5, 2025]