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Bitcoin is approaching an important weekly close.
Although $BTC briefly dipped below the previous week's wick low around $59K, the candle body still remained above that level as the week ended.
This indicates that the higher timeframe structure is under pressure, but not yet completely broken.
Although $BTC briefly dropped below the previous week's wick low around $59K, the candle body still remained above that level as the week ended.
That indicates that the higher timeframe structure is under pressure, but has not been completely destroyed