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📈 BTC continues to paint higher-lows against a descending lid, forming a large pennant after May’s impulsive leg. This pattern is a strong indication of accumulation and underlying strength in the market. Holding firmly above the key support level signals that buyers are in control. A clean and decisive break of the upper resistance trendline should unlock the next major target cluster, confirming the continuation of the bullish momentum and paving the way for a new leg up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.