Surprising Event🚨

- Germany will sell its remaining $285 million worth of BTC soon. This comes after initially seizing nearly 50,000 bitcoins, which were originally valued at almost $3 billion, according to Arkham. The ongoing liquidation is expected to influence market dynamics significantly

- Short-Term Trend: Bearish. BTC is trading below the 50 EMA with an RSI of 42, indicating short-term weakness. Immediate support is at $56,542.47, with resistance at $58,500.

- Long-Term Trend: Bullish. The price is above the 200 EMA, indicating a positive long-term outlook. Long-term support is at $55,300, with resistance levels at $60,000 and higher.

- Overall: BTC is experiencing short-term bearishness within a long-term bullish trend. Traders should watch for stabilization above key support levels for potential long entries, while long-term investors might consider current levels for accumulating positions. DYOR.

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