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I consider BTC to be in its fourth mega cycle, not the fifth, based on its current structure.
Yellow – first cycle: near-vertical move
Blue – second cycle: parabolic move
Cyan – third cycle: parabolic move
Red – fourth cycle: approximately a 30-degree angle
Refer to the white support line—the recent $60K level aligns with the 2020 and 2022 lows.
This makes the $60K support extremely critical. More importantly, it has not been broken.
#BTC $BTC #Bitcoin #Crypto