Consolidation with Upward Momentum
Bitcoin is currently trading within a consolidation range, showing no signs of downward pressure. Based on my analysis, it is maintaining its upward momentum. However, it remains to be seen whether this momentum will be sustained or exhausted during the climb.
Overall, there is no clear indication of a bearish trend at this point. Therefore, cautiously taking long positions is reasonable. It is advisable to wait for the consolidation phase to conclude and then reassess the situation to make more informed decisions.
Overall, there is no clear indication of a bearish trend at this point. Therefore, cautiously taking long positions is reasonable. It is advisable to wait for the consolidation phase to conclude and then reassess the situation to make more informed decisions.
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