BTC update:

I’ve seen some analysis on X comparing this cycle to the previous one.
However, the current situation is very different.
You’ll immediately see why.
Look at the white strip and the circled area — that was the key support for the prior bull run.
Last time, the bounce was weak and price broke lower.
This time, price is trading comfortably above that support zone.
Of course, if price were to break below it, we’d need to treat it as a failed recovery.
But that hasn’t happened. There’s currently no reason to doubt it. The recovery attempt is still very much alive.
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