Good morning☀️

With the start of the new week, #Bitcoin is making its 8th attempt at the descending trend resistance.

For uninterrupted rises to begin, a substantial close above the descending trend is required.

Despite the descending trend not being broken, other data still looks extremely positive.

🔹Whale activity is in the positive zone (+17)

🔹Spot purchases are ongoing.

🔹Long ratios are extremely low. (Positive)

🔹Funding rates are at normal levels.

🔸ETF volumes are low and there are outflows.

Technical data generally looks positive. To kickstart the rises, we only need to break the descending trend resistance.

I will be updating frequently throughout the week, friends. Wishing everyone a great week and plenty of profits.