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Bullish
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$BTC
recently bounced off trendline support, signaling potential pattern continuation. A breakout or breakdown with a retest is needed to confirm the next major
move
, while further consolidation within the triangle remains likely.
#BTC☀
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Digital Asset Outflows Hit Record $2.9B in a Week 📈 For the third straight week, digital asset investment products have seen outflows, and this time, it’s the biggest on record, $2.9 billion gone in just one week. That brings the total outflows over the past three weeks to a staggering $3.8 billion. $BTC took the biggest hit, with $2.59 billion flowing out, reflecting the current cautious sentiment among investors. Meanwhile, short Bitcoin products saw minor inflows of $2.3 million, suggesting some traders are betting on further downside.
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$BTC reclaimed horizontal support with strong volume, signaling bullish momentum. It's holding above but still below the descending trendline. A breakout and retest confirm further upside, while a close below support signals a bearish continuation.
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