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#Bitcoin
Medium-Long term current outlook.
Since we often share short-term updates, it's very easy to forget the bigger picture.
That's why occasional reminders like this are essential.
📌 Since the 126K level, the market has been continuously forming inverse flags, making new lows.
In other words, every move that appears to be a short-term rally has so far only been a correction of the long-term decline.
Right now;
The inverse flag formed after the 98K peak
📌 has been completed
📌 and seems to have been retested
What does this mean?
If the price cannot break through the downward trends I indicated on the chart strongly and cannot break this inverse flag pattern,
🔴 a new wave of decline becomes inevitable.
Moreover, the geopolitical environment is sensitive enough to support this.
So, what needs to be done👇
Is to pursue short-term opportunities without forgetting the long-term perspective.
The most reasonable approach is to endure this downtrend with small gains until a major move comes.
Stay tuned.