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BTC Mid-Term Trend Weakens Amid Short-Term Volatility and Downside Risks

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BTC
$87,553.70-0.07%
Bitcoin faces a weakening mid-term bullish trend amid a bearish trend in short-term price action. The price is caught between long-term and recent bearish trendlines, with all upward moves seen as bearish rebounds until a clear breakout. The 87,500–89,000 USD range remains key, with four short-term trades yielding 2.14% profit. Weekly charts show a bearish phase, while daily volatility continues. This week’s focus is on the 89,500–91,000 USD level, with two potential strategies depending on breakout or hold.
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