#Bitcoin has started to pull back once again after being rejected by the descending trend resistance.

In order for a permanent uptrend to begin and to be able to say "we have completely turned", the descending trend resistance must be broken for sure, which I have been emphasizing for a long time.

The most important data is always the trend. Therefore, even if the data is positive at all times, we should not take significant action without seeing a breakout of the descending trend.

Aside from the trend, other data generally maintains its positivity.

🔹Coinbase spot purchases continue.

🔹Whale activity is in positive territory (+1)

🔹Funding rates are at normal levels.

🔹ETF inflows continue.

🔹Short liquidations are predominant.

Technical data still looks extremely positive despite the decline. There are no signs of negativity outside of the trend.

Before prolonged descending trend breakouts, prices can generally experience small corrections. Since the current data is still positive, I believe this decline will be a minor correction and that the price will attempt to test the trend again.

Although my personal opinion leans in this direction, I will only increase risk and make new purchases after receiving confirmation of the trend breakout. Taking risks without seeing the breakout will be unnecessary.

Let's closely monitor the trend resistance, friends. If there are any changes in the data, I will update in real-time.

I wish everyone a great day and abundant profits.