BITCOIN'S 3-MONTH SLUMP ENDS WITH A BANG
The charts don't lie: Bitcoin just broke its longest downtrend since the ETF frenzy. But this isn't your typical breakout...
What Happened (Without the Hype):
• At 4:30AM UTC, BTC pierced the descending channel that trapped it since December
• Immediately dumped to $69k on US market open (thanks to DXY hitting 104.5)
• GameStop's BTC treasury news sparked a 2.3% rebound within 90 minutes
The Contradiction Everyone's Missing:**
✅ Bullish: Hash Ribbons show miner selling exhausted
⚠️ Bearish: Trump's April 2 tariffs could crush risk appetite
Next 72 Hours Matter:
- $69k is now the line in the sand
- Watch for 3 consecutive closes above $70.5k to confirm trend reversal
- GameStop effect could attract retail if stocks keep falling
Verdict:
This is either:
A) The start of the pre-halving surge
B) A bull trap before macro chaos
What's Your Call?
👍 If you're buying this breakout
👎 If you're waiting for $65k
