(BTCUSDT) The weekly structure remains bullish overall, but is currently in a corrective leg back into a key higher-timeframe demand zone.
Confluence of the long‑term ascending trendline and horizontal zone around 80,000–82,000, just under the current price; a deeper buffer of 76,000 marks the top of the “significant and major support” area highlighted on your chart.
The previous distribution band at 123,000–125,000 remains the main upside target and weekly resistance; any new impulse leg will likely aim back into this zone first.
The rounded basing structures since 2022, plus the current pullback, suggest a large continuation pattern rather than a full trend reversal, as long as weekly candles keep closing above the 76k support shelf.
80k–76k holds and forms a clear higher low; the weekly chart favors a renewed push toward six-figure territory and a potential retest of the 123k–125k highs. A decisive weekly close below 76k would invalidate this and open risk toward the mid-60k demand block inside the grey zone.
DYOR | NFA
Confluence of the long‑term ascending trendline and horizontal zone around 80,000–82,000, just under the current price; a deeper buffer of 76,000 marks the top of the “significant and major support” area highlighted on your chart.
The previous distribution band at 123,000–125,000 remains the main upside target and weekly resistance; any new impulse leg will likely aim back into this zone first.
The rounded basing structures since 2022, plus the current pullback, suggest a large continuation pattern rather than a full trend reversal, as long as weekly candles keep closing above the 76k support shelf.
80k–76k holds and forms a clear higher low; the weekly chart favors a renewed push toward six-figure territory and a potential retest of the 123k–125k highs. A decisive weekly close below 76k would invalidate this and open risk toward the mid-60k demand block inside the grey zone.
DYOR | NFA
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