this setup works because price rebounded strongly off the intraday lows showing buyers defending support while fundamentals align with a bullish case as bitcoin continues to benefit from institutional inflows optimism about future etf approvals and safe haven demand amid global uncertainty with the us dollar showing signs of softening the retrace into demand provides confluence for continuation higher making the bullish outlook supported by both technical rejection of lows and macro tailwinds
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.