$BTC is currently holding above its trendline, trading around $79,000. š
The key question remains: Are we heading for another market dip?
Technically, the structure appears strong, and we've been anticipating this setup. A clean close above the trendline, followed by a retest, is crucial. If the current candle closes strongly above $79,500, we could see the next daily candle push towards $84,000 soon.
My confidence in this upward move stems from several factors:
1ļøā£ Solid technical structure.
2ļøā£ Positive macro developments:
ā¢ President Trump easing tariff pressure.
ā¢ Russia proposing new investment opportunities.
ā¢ President Trump identifying as a "big crypto person."
ā¢ Abu Dhabi's $500M investment in the World Liberty crypto project.
ā¢ Continued accumulation by major players.
ā¢ Ongoing strategic BTC purchases.
Overall market sentiment is also shifting positively. Consider accumulating, but remember to buy in partials to manage risk effectively. š¼
Let's watch this space closely.
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