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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 $74,033 is a moment of excitement, but don’t get too comfortable. While the price surge might seem bullish, the prevailing sentiment remains risk-off, suggesting that traders should be cautious. The long-term downtrend is still looming, which could mean this spike is more of a short-term relief rally rather than a sustainable reversal. Watch for resistance around $75,000; a failure to hold above this level could trigger profit-taking or a deeper correction. On the flip side, if Bitcoin can consolidate above $74,000, it might attract more buyers, especially if we see increased volume. Keep an eye on correlated assets like Ethereum, which often follows Bitcoin’s lead. If BTC starts to falter, expect altcoins to follow suit, amplifying the downward pressure. The next few days are crucial—monitor how BTC behaves around these key levels.
📮 Takeaway
Watch for Bitcoin’s ability to hold above $74,000; failure to do so could lead to a correction back toward $70,000.
