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We are witnessing Bitcoin miners entering the capitulation phase. On the larger cycle (HTF, high time frame), this has traditionally been a strong buy signal. As I said earlier, I have closed all my short positions, and I now prefer to hold some low-leverage swing long positions. Although we are still in a sideways trading range and the price may still swing back and forth, the stars have aligned (meaning: various bullish indicators are converging). $BTC