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BTC's recent MSCI decision ultimately turned into a sell-off news. However, some community members pointed out that while the headline looks bullish, the details are not so optimistic.
Currently, we are observing the year-over-year trend in April—it's crucial to watch the compression space between the range high and the daily trend. Once these two levels are squeezed tightly, it usually indicates something.
To be honest, there's a bit of tension right now. The technical pattern is stuck here, and it's hard to determine a clear direction in the short term.