Weekly close outlook | A rebound doesn’t mean lost ground has been recovered
Binance’s daily chart in Beijing time shows: BTC opened Monday at 85,256, with a high of 86,999 and a low of 80,394 so far this week. It is around 82,841 tonight, still about 2.83% below the start of the week.
This weekend, the focus is on whether the recovery can continue and whether BTC can reclaim the 85,256 level from the start of the week. If it pulls back, watch the weekly low near 80,394. Until the weekly close, we won’t declare a weekly trend reversal prematurely. This is scenario analysis only, not a prediction of guaranteed returns.
Binance’s daily chart in Beijing time shows: BTC opened Monday at 85,256, with a high of 86,999 and a low of 80,394 so far this week. It is around 82,841 tonight, still about 2.83% below the start of the week.
This weekend, the focus is on whether the recovery can continue and whether BTC can reclaim the 85,256 level from the start of the week. If it pulls back, watch the weekly low near 80,394. Until the weekly close, we won’t declare a weekly trend reversal prematurely. This is scenario analysis only, not a prediction of guaranteed returns.