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Figure Heloc 
Bitcoin achieved new six-week highs at the week’s first Wall Street open, but analysis stayed risk-off, arguing that the long-term BTC price downtrend was still in place.
💡 DMK Insight
Bitcoin hitting six-week highs at $75,017 is a moment to watch, but don’t get too excited just yet. While this surge might seem bullish, the prevailing sentiment remains risk-off, suggesting that traders should be cautious. The long-term downtrend in BTC price is still intact, which means any upward movement could be short-lived. If you’re day trading, consider setting tight stop-loss orders to protect against sudden reversals. Look for resistance levels around $76,000, as a failure to break through could trigger profit-taking. On the flip side, if BTC can hold above $75,000, it might attract more buyers, but the overall market context still leans bearish. Keep an eye on correlated assets like Ethereum, which often follows BTC’s lead, and watch for any shifts in sentiment that could signal a broader market move.
📮 Takeaway
Watch for Bitcoin’s ability to maintain above $75,000; failure to break $76,000 could spark a pullback.
