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One platform for global traditional assets
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CandyDrop
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Alpha Points
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Bitcoin has been trading defensively on the weekly timeframe since July 2025, holding a bearish bias. The liquidations and widespread bear market narratives around BTC have largely played out as corrective moves within the broader trend—nothing we haven't seen before. Shifting down to the daily chart, the pattern of red candles being formed recently suggests consolidation rather than capitulation. Price action continues to respond to key support levels, but until we see a structural break, this pullback remains just another chapter in the ongoing cycle.