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#BITCOIN IS BEING HELD BACK AND THAT’S NOT BULLISH (FOR NOW)
While stocks & metals push higher, $BTC is stuck in a tight range
Clear relative weakness vs TradFi
Momentum is fading
Buyers fail to reclaim key resistance
This is not strength it’s suppression.
If Bitcoin doesn’t follow risk-on assets soon, downside becomes the base case.
As long as major structure holds, this remains distribution or accumulation not a confirmed downtrend.