BTC to test bull market support (?)

Bitcoin seems unable to hold the 8w SMA (at 59K) as support. This will probably pull the valuation down to the BMS to test the structure of the market. If the BMS holds, we might have a great buying opportunity at 52K with a risk of .3. If it doesn't, we'll have to reevaluate the bullishness of the market.
Economic CyclesSupport and ResistanceTrend Analysis

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