$BTC - It's time for an update.

Over the last couple of days we've seen a lot of people calling for a continuation of the downtrend and saying that $50K is next.
So let's look at this from an objective way.
The price has rejected at the lost high-timeframe support range sitting at $83K, which was expected, as I covered a couple of weeks ago when the price was testing it.
See here:
Since then, the price has tapped into the newly reclaimed high-timeframe support range aligning with the early-April lows of 2025, sitting at $74K, which also aligns with the 3D Bull Market Support Band, which has been a strong reversal spot over the last couple of months.
Because of this, as long as the price keeps holding above $74K, the most likely outcome from here, on the mid-term and low-timeframes, remains a reversal to the upside.
Shorting here, or hedging your spot holdings simply doesn't make sense from a technical perspective, because the market structure remains intact.
Bears are essentially shorting a Bullish Backtest here.