CIFR Weekly Update: Making Higher Highs, Higher Lows



The price action continues to show strength with consistent higher highs and higher lows forming. We've successfully backtested the bull market support band, and the structure remains intact. Currently, there's no indication of a breakdown or further downside pressure.

The key level to watch is the bull market support band itself—as long as price holds above it, the uptrend narrative stays intact. A loss of this support would be the signal to reconsider. Even in such a scenario, we'd likely see a retest of the 0.886 level before any major directional move.

The technicals suggest patience and discipline. The momentum is favoring buyers right now, but confirmation will come from how price respects these critical support areas.
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