LINK Nears Bullish Shift Against Bitcoin

LINK/BTC is nearing a six-year descending trendline, with the monthly structure showing early signs of a potential momentum shift. Three-week momentum has turned bullish, while the monthly chart still requires confirmation above its established long-term resistance. Derivatives remain long-heavy as open interest rises, but recent liquidations show bullish positions facing notable short-term pressure. LINK is nearing a pivotal relative…