📉 $BTC Market Update
Bitcoin has reached around $79K, which is a major resistance zone.
According to this view, the recent upward move may have been a bull trap, meaning a fake breakout that attracted buyers before selling pressure came back in.
📊 Current Market Behavior:
Every time $BTC touches the upper resistance, it gets sold again
Momentum is weakening near highs
Market is showing signs of possible cycle transition
🔄 Market Phase Idea: BTC may be entering a phase where the market starts forming a long-term bottom, after a strong cycle move.
$BTC


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