Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) remain above a key weekly support zones, reinforcing confidence that the broader long-term uptrend remains intact.
Bitcoin’s Resilience Signals Long-Term Confidence
Crypto trader Jelle noted that despite weakness on lower timeframes and the daily chart, Bitcoin is still holding critical weekly support, preserving its long-term bullish structure.
Short-term price action may look shaky, but the higher-timeframe trend has not broken.
Macro conditions are also turning supportive. Quantitative tightening has ended and rates are moving lower, an environment that has historically favoured risk assets, particularly Bitcoin.
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