$BTC WEEKLY: THE TREND IS STILL BEING TESTED
Bitcoin is trading around $79,391 on the weekly chart, and the bigger picture remains constructive—but price is now sitting close to the green trend indicator that has historically acted as an important decision area.
📌 Executive View
The chart shows several previous periods where BTC reacted around this same green trend line before continuing into larger moves. The current price is again approaching that line, making this a high-interest confirmation zone, not a place to blindly chase.
Sentiment: 🟢 Bullish, with 7/10 confidence
Confirmation is still needed from weekly price action.
$BTC 🔍 Technical Structure
The long-term structure remains upward, with BTC repeatedly forming higher major peaks and recoveries across the chart.
The green trend line is the key factor. Previous marked areas around 2012, 2015, 2019, 2020 and 2023 show notable reactions around this indicator.
Right now, BTC is around $79.4K, while the latest marked area suggests another potential trend decision.
🎯 Trade Plan
Entry: No precise entry is confirmed from the chart alone. A safer setup would be a weekly bullish reaction/reclaim around the green trend line.
TP1: ~$90K
TP2: ~$140K
TP3: ~$220K
These are based on visible chart levels, not guaranteed targets.
Stop Loss: No exact SL can be responsibly calculated without a confirmed entry. A weekly close decisively below the trend indicator would be the first warning.
Invalidation: Sustained weekly weakness below the green trend structure.
R:R: Cannot be accurately calculated until entry and stop are confirmed.
⚠️ Risk management matters here. Don’t treat historical reactions as a guarantee that the same pattern must repeat.
$BTC Will BTC defend this long-term trend structure again, or are we finally seeing a deeper correction?
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