$BTC This weekly close will be absolutely crucial.
BTC is currently testing a major HTF resistance zone, with the yearly open sitting just above, adding further confluence to this area.
If buyers can break through and we see a strong weekly close followed by acceptance above this zone, I’d expect continuation toward the major swing high around $97K.
On the other hand, if BTC briefly trades through this level but fails to hold it and closes back below, I’d view that as a sign of weakness and favor a short-term correction.
There are two areas I’m watching if that happens.
The first is the recent range highs, where I’d look for a continuation long just as mentioned in my previous post.
If that level fails to hold and BTC moves back inside the old range, my next area of interest sits around $73K–$76K, where I’d look to increase my swing long exposure. #BTC Price Analysis# #Macro Insights#
BTC is currently testing a major HTF resistance zone, with the yearly open sitting just above, adding further confluence to this area.
If buyers can break through and we see a strong weekly close followed by acceptance above this zone, I’d expect continuation toward the major swing high around $97K.
On the other hand, if BTC briefly trades through this level but fails to hold it and closes back below, I’d view that as a sign of weakness and favor a short-term correction.
There are two areas I’m watching if that happens.
The first is the recent range highs, where I’d look for a continuation long just as mentioned in my previous post.
If that level fails to hold and BTC moves back inside the old range, my next area of interest sits around $73K–$76K, where I’d look to increase my swing long exposure. #BTC Price Analysis# #Macro Insights#
