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A wave of rebound has caused some to panic, lose their composure, and even claim that the bull market has arrived—such impatience is unwarranted.
Currently, Bitcoin is still trading within the established channel. If you can't see the larger timeframe channel clearly, switching to a smaller timeframe will clarify the situation.
Whether bullish or bearish, there is no right or wrong, but the core conditions must be met—bullish requires holding key levels, bearish requires breaking below support. At the moment, we are clearly still in a consolidation zone.
The technical indicators have not confirmed a breakout of the range, and combined with macro news, the Middle East situation has not eased. Where is the starting point of a bull market?
To sum up: If today you dare to break above 70,100, go all-in directly—no hesitation! #BTC