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BTC's macro upward trend remains unchanged
Currently testing the support level of the 100-week MA
Many people believe BTC is bearish
Because the trend line on lower timeframes has been broken
But if you zoom out
The main upward trend on the weekly chart still remains intact
The movement is also following very normal operations
Re-testing the 100-week moving average
This level has historically been strong support during bull markets
Breaking a local trend line ≠ breaking the macro trend
If BTC regains momentum from this area
The structure still supports the possibility of breaking new highs in this cycle later on.
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