A rejection wick on the weekly close shows that resistance remains strong, while the H4 chart continues to move in both directions without confirming a trend.
Range-bound markets often test patience more than anything else.
Chasing every small move can be costly, while waiting for confirmation can make all the difference.
The next decisive break could bring strong momentum. Until then, risk management matters more than predictions.
$BTC reached higher, gave everyone a reason to get excited, and then quickly pulled back. That long upper wick tells a simple story: buyers tried to take control, but sellers were ready.
Now all eyes are on the weekly close.
If Bitcoin ends the week below this resistance, the market is still stuck inside the same trading range. That keeps the consolidation alive and means we could see more choppy price action before the next real breakout.
One candle can create excitement, but the weekly close reveals the truth. Until buyers can close above this level, resistance is still winning.
The market has made its move. Now it's waiting to see who blinks first.