Bitcoin is trading above its bull market support band, indicating the strength of its long-term uptrend.
The current cycle for Bitcoin has been stable for spot holders, with shallow corrections and consistent upward movements.
The uptrend has lasted over 900 days, prompting caution despite momentum, and traders are advised to stay alert for any signs of a shift in high-timeframe structure.
As long as Bitcoin remains above its bull market support band, the overall trend remains bullish, but traders should monitor closely for any weakness or significant breaks below this level.