🚨I see people getting very excited about the recent Bitcoin rally, saying 'we're so back, the bull market is starting' etc etc.. A dose of reality: - We're still in a bear downtrend, with no break in structure. Still in a bear flag - The last 3 bear markets lasted 14 months, 12 months, and 12 months. We're only 5 months in to this current bear market. - The 50week MA is the key indicator: it acts as support in a bull, and resistance in a bear. It's currently around $96k. Until we flip the 50 and stay above for multiple candles, we're still in a bear market. There's a long way to go...
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