$BTC vs the 200W SMA
BTC is at 67,398 on the weekly chart (BTC/USDT, Binance), about 595 below the 200W SMA at 67,993. The weekly candle is still open.
Weekly close back above the line: reads as a sweep
Weekly close below, then rejection at the line: the 200W becomes resistance
The Sunday UTC close matters more than the intraday move. Define your invalidation level before it, not after.
Verify first. Risk later. Scale slowly. ⚖️
#BTC #Bitcoin
BTC is at 67,398 on the weekly chart (BTC/USDT, Binance), about 595 below the 200W SMA at 67,993. The weekly candle is still open.
Weekly close back above the line: reads as a sweep
Weekly close below, then rejection at the line: the 200W becomes resistance
The Sunday UTC close matters more than the intraday move. Define your invalidation level before it, not after.
Verify first. Risk later. Scale slowly. ⚖️
#BTC #Bitcoin
