The uptrend is getting weaker, but still intact.

The lower edge of the indicator support zone is at $49.6k right now, so we know that if BTC drops below 49k with an hourly closing candle, the immediately bullish momentum is gone for now.

But until then, all is green and well.

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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