BTCUSDT Weekly Update.
Bitcoin is currently trading around $70K after a sharp rejection from the recent highs near $100K.
Price has dropped back into the major weekly support zone ($68K–$72K)
This zone previously acted as resistance in 2021–2024 → now acting as flip support
Strong volatility after the breakdown from the rising structure
Weekly trend still bullish as long as support holds
Major Support: $68K – $72K
Next Support: $60K – $62K (critical demand zone)
Resistance: $80K → $92K → $100K
Bearish Scenario If weekly closes below $68K, BTC may revisit $60K or even deeper liquidity before recovery.
Bullish Scenario Strong reclaim + weekly close back above $75K–$78K could restart momentum toward $90K+ / $100K.
Market Structure Overall macro trend remains bullish, but short-term momentum is weak → possible consolidation / shakeout phase before the next big move.
Bitcoin is currently trading around $70K after a sharp rejection from the recent highs near $100K.
Price has dropped back into the major weekly support zone ($68K–$72K)
This zone previously acted as resistance in 2021–2024 → now acting as flip support
Strong volatility after the breakdown from the rising structure
Weekly trend still bullish as long as support holds
Major Support: $68K – $72K
Next Support: $60K – $62K (critical demand zone)
Resistance: $80K → $92K → $100K
Bearish Scenario If weekly closes below $68K, BTC may revisit $60K or even deeper liquidity before recovery.
Bullish Scenario Strong reclaim + weekly close back above $75K–$78K could restart momentum toward $90K+ / $100K.
Market Structure Overall macro trend remains bullish, but short-term momentum is weak → possible consolidation / shakeout phase before the next big move.
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