Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) remain above a key weekly support zones, reinforcing confidence that the broader long-term uptrend remains intact.

Bitcoin’s Resilience Signals Long-Term Confidence

Crypto trader Jelle noted that despite weakness on lower timeframes and the daily chart, Bitcoin is still holding critical weekly support, preserving its long-term bullish structure.

Short-term price action may look shaky, but the higher-timeframe trend has not broken.

Macro conditions are also turning supportive. Quantitative tightening has ended and rates are moving lower, an environment that has historically favoured risk assets, particularly Bitcoin.

Jelle added that extended…

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