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
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
BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.