#BTC anylysis:
In the weekly timeframe, the $BTC market's character remains unchanged, but caution is warranted as a break below $59k could trigger a significant drop towards the $53k target. However, maintaining above $59k keeps the bullish sentiment intact. The presence of long wicks suggests buyer interest in the $59k-$60k zone, indicating a strong support level. A retracement to $53k-$50k would be a healthy move in the broader picture. Planning for scenarios below $50k is premature; focus on current data to avoid misleading analysis. Dollar-cost averaging (DCA) remains a prudent strategy, as market timing is notoriously difficult.
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