Headline: Sunday Strategy: Why Tonight’s Weekly Close is the Most Important Candle of February 🕯️
Happy Sunday, everyone! While the world is enjoying a slow morning, the crypto charts are preparing for a "High-Stakes" event. At 00:00 UTC tonight, we will witness the Weekly Candle Close—the one data point that professional traders and institutions use to decide their moves for the week ahead.
The Serious Data (Sunday Market Status):
After the chaotic "deleveraging" earlier this month that wiped out nearly $2.5 Billion in liquidations, $BTC is currently fighting to hold the $68,160 level. We are still trading in a state of "Extreme Fear" (Index: 8-14), which reflects a massive loss of appetite among retail traders.
Key levels to watch tonight:
Resistance: $70,000. We need a close above this to signal that the "bottom" is in.
Support: $60,000. This is the ultimate "Line in the Sand" where the big money protection bets are placed.
The Friendly Lesson: What is a Weekly Close? ☕
For my beginners: Think of a daily candle as a "sentence" and the weekly candle as a "chapter." A single day can be full of noise and manipulation, but the Weekly Close reveals the true conviction of the market.
If we close Green tonight, it means the "Smart Money" bought the dip below $65k.
If we close Red, it suggests that institutions are still in "Risk-Off" mode and waiting for deeper levels.
My Strategy: I am sitting 100% in cash for the next 16 hours. I never trade into a Weekly Close; I wait for the candle to "lock in" and then follow the trend on Monday morning. Patience isn't just a virtue—it's a profit strategy.
What is your prediction for Monday morning?
🚀 Bullish - We reclaim $72k!
🐻 Bearish - Retesting $60k soon.
💎 DCA - I don't care about candles, I just HODL.
#Bitcoin #WeeklyClose #CryptoEducation #WriteToEarn #BTC