Bitcoin: Preparing For Next Week

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👇1-12) Our initial downside target of $55,000 has been reached. A countertrend rally is likely as Bitcoin appears oversold in the short term, and a potential macroeconomic tailwind is expected next week. Additionally, the SEC might approve the Ethereum ETF, which could trigger positive momentum in the short term. However, in the medium term, we do not believe this marks a significant buying opportunity.

Bitcoin and US CPI (inflation) data releases

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