*BTC/USD: Key Levels I’m Watching This Week*
`$BTC` is sitting at a make-or-break zone right now. Here’s my quick take on where we could head next:
*1. The Setup*
Bitcoin reclaimed $57k support but is struggling with the 200-day EMA overhead near $59.8k. Volume is thinning into the weekend, classic squeeze setup.
*2. Bullish Case*
If `$BTC` flips $60k with strong 4H close, next liquidity is at $62.5k then $65k. ETF inflows picked up mid-week and funding is still neutral = room to run.
*3. Bearish Case*
Lose $56.2k and we likely retest $54k. There’s a gap on CME futures at $53.9k that hasn’t filled yet. Watch for longs getting too aggressive — flush risk.
*4. My Game Plan*
I’m not chasing here. Waiting for:
- Long: Break + retest of $60k OR dip into $54k support with bullish divergence
- Short: Rejection at $60k with BTC dominance spiking
Not financial advice. Just sharing how I’m reading the chart this week.