$BTC Weekend Update:


Bitcoin is currently struggling around the $60K level and the 200-week SMA.
While many believe this marks the macro bottom or a long-term range low deviation, I'm still respecting the broader bearish trend and expect the traditional 4-year cycle to continue. So far, the bulls haven't shown enough strength to shift my outlook.
My current view: A relief rally or bull trap toward the $62K area (with a possible push into $63K–$64K) could develop next week, followed by a continuation lower into the $49K–$52K region. I'll be watching for a failed auction back into the highlighted range as a potential confirmation trigger.
This is only my personal market outlook—not financial advice. Markets are unpredictable, and my view could be wrong, just as it has been before.#Get2SharesOfSKHynixAtZeroCost
BTC-0.37%
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