Invmunirk

The overall structure of Bitcoin on the weekly timeframe remains bearish. Price recently faced a strong rejection from the $65k–$67k resistance zone, confirming that bullish momentum is still weak.
Despite very positive market sentiment, the chart does not show any meaningful bullish confirmation. Even if price temporarily pushes toward $70k–$72k, the broader weekly structure would still remain unchanged and under pressure.
The rejection from the $65k–$67k area is clean and significant, suggesting that sellers are still actively defending higher levels.
⏱ Lower Timeframe Analysis
On lower timeframes, BTC recently traded near $67k, where expected weakness led to a drop toward $62.2k, aligning with prior analysis.
The market continues to move within a clear range:
🔴 Resistance: $67k
🟢 Support: $60k–$62k
Until price breaks out of this zone, the structure remains range-bound and uncertain. In this environment, it is generally a no-trade zone for directional bias traders.
A confirmed breakout above resistance or below support would likely define the next major trend direction.
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