Bitcoin continues to trade within a broader corrective structure on the weekly timeframe, with recent price action highlighting a noticeable shift in market character. The previous bullish momentum has weakened, while lower highs and lower lows continue to provide important context for the current structure.
📌 Technical Overview: 🔹 Weekly CHOCH suggests a potential shift in higher-timeframe order flow. 🔹 Price is reacting around a key resistance region after breaking the ascending structure. 🔹 The recent pullback may represent a retest of a previous breakdown area. 🔹 Trendline rejection and market structure remain key factors to monitor. 🔹 Liquidity resting beneath recent swing lows remains an important area on the chart.
📈 What I'm Watching: • Price behavior around the current resistance zone. • Confirmation from market structure before considering continuation. • Any reaction near key liquidity levels. • Whether buyers reclaim structure or sellers maintain control.
⚠️ This analysis reflects my current technical view based on Price Action and Smart Money Concepts (SMC). Market conditions can change at any time, so every scenario should be confirmed with your own analysis and proper risk management.
🎯 Key Concepts: Weekly Structure • CHOCH • Trendline • Liquidity • Price Action • Smart Money Concepts
📌 Technical Overview: 🔹 Weekly CHOCH suggests a potential shift in higher-timeframe order flow. 🔹 Price is reacting around a key resistance region after breaking the ascending structure. 🔹 The recent pullback may represent a retest of a previous breakdown area. 🔹 Trendline rejection and market structure remain key factors to monitor. 🔹 Liquidity resting beneath recent swing lows remains an important area on the chart.
📈 What I'm Watching: • Price behavior around the current resistance zone. • Confirmation from market structure before considering continuation. • Any reaction near key liquidity levels. • Whether buyers reclaim structure or sellers maintain control.
⚠️ This analysis reflects my current technical view based on Price Action and Smart Money Concepts (SMC). Market conditions can change at any time, so every scenario should be confirmed with your own analysis and proper risk management.
🎯 Key Concepts: Weekly Structure • CHOCH • Trendline • Liquidity • Price Action • Smart Money Concepts
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.