BTC/USD Comprehensive Weekly Update: Patience is Key

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This week, Bitcoin has been on a steady move upward. However, my mid-term bias remains bearish until we see a decisive breakout and a daily/4H candle close above the $78k trigger level. I am strictly holding off on new long positions until that confirmation occurs.

As clearly shown on the chart, we are currently witnessing a battle between two major structural zones acting at similar price levels:

A local Short/Supply Zone pushing for a deeper corrective move.

A high-timeframe (HTF) Buy/Demand Zone providing underlying support.

Our strategy? We don't guess, we react. Let's wait for the market to confirm its direction this week and execute according to the price action.

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