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Bitcoin has recently performed well, with a steady upward trend. The price has started to break through the area near the 2025 opening price, similar to last week's movement.
The key observation points are as follows:
97.5k corresponds to the 50-week moving average (50W EMA)
Around 99k, the annual 365-day VWAP and the 2025 VWAP closing price converge
These two levels are very important. Once Bitcoin's weekly close stabilizes above these levels, the overall macro trend outlook will become more optimistic. I am currently in a small long position. Conversely, if the weekly close falls below these levels, I will need to reassess the strategy.