BTCUSDT pulled back after breaking through the structure and range zone. The price has bearish momentum, but it shows divergence on the 4H timeframe. This suggests that our next bearish move may be weaker. The price rolls back to the resistance level and the upward trendline. I expect the price to grab liquidity at the bottom of this range, above the previous lower high, and then move lower. My target is the support level at 40707.03
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The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. The report pinpoints the approval of spot bitcoin exchange-traded funds (ETFs) and the Bitcoin Ordinals protocol as key drivers of bitcoin adoption growth, alongside strong institutional interest.
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