$BTC is now closing its 11th consecutive weekly candle below the 50-Week MA
For the first time since February 2022, the 50-Week MA has turned downward, signaling sustained weakness in higher-timeframe structure 📉
This is not a bullish setup.
As long as Bitcoin remains below a declining 50-Week MA, the macro trend favors caution, not optimism.
Calling this a bull market ignores clear technical evidence.
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