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$BTC Medium to Long-Term Cycle Assessment:
BTC has seen negative values in its trading difference for three consecutive weeks recently, indicating signs of active selling pressure at high levels.
CVD continues to decline, with a cumulative sell-off of over 270K BTC
If the price holds above 116500, it is believed that a new round of upward trend will continue. If it can break through 121000 with volume, then the target above is around 132000.
Conversely, if it breaks below 116500 and is accompanied by a continuous increase in Delta's negative values, one should be wary of a pullback to the 108K–102K area.