Hossa BTC has officially begun. The adjusted MVRV in the Bubble vs. Crash chart has crossed the baseline. The downtrend has ended. Previous rallies were not a full bull move—only a brief touch of the bubble zone. This rally is the true wave. In the current situation, avoid nervous trading until MVRV rises above 1.5 and enters the cycle’s final phase. Does crossing the baseline suffice, or does a bubble not exist without 1.5?
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