BTC Weekly Macro Update

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We’re approaching another weekly close and it’s looking like we’ll close above $63,500 — the previous resistance/rejection level I’ve been highlighting.

However, the candle is showing a very small body with almost no real momentum.
What matters now:

→ High volatility expected this week, especially with the new escalation in the Middle East. Aggressive moves possible in either direction — I lean toward downside risk, but things are moving fast so I’m staying cautious.

→ Massive resistance stacking on the daily at $65k–67k (as detailed in my previous analysis).

→ On the weekly timeframe, a rally into the $68,400 (200W EMA) – $71,000 (21W EMA) zone remains possible. That would fill the big imbalances and the FVG above. In my view, that’s the absolute best-case high for now.

I left 25% of my short-term longs running in case we see that move higher. My bear market bottom target and most likely bottom zone for BTC remains $53k–$45k.

For the time being, BTC is facing strong resistance. One more short-term sweep higher is still possible, but given the current news flow and order flow, rejection looks most likely.

What’s your bias into the weekly close?
NFA

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