🚨 BTC At A Critical Weekly Demand Zone — Bounce Or Breakdown?
$BTC is now sitting right at a major high timeframe demand around 64K–66K.
It’s the same zone where buyers previously stepped in aggressively. Now price is back here while respecting a clear descending resistance from the highs.
Structure first.
We are still printing lower highs on the weekly. The trendline above is acting as macro resistance. Every rally has been capped.
Momentum next.
RSI is hovering near the lower range and starting to curl slightly. That tells me downside pressure is slowing, but not reversed yet.
MACD remains bearish with expanding red histogram. Bears still have control until proven otherwise.
Here’s the key:
If 64K–66K holds
→ Expect relief bounce toward 75K–80K
→ Possible trendline retest
If this demand breaks
→ Next liquidity sits around 58K–60K
→ Acceleration to the downside becomes likely
This is a decision zone. Not noise.
Smart money watches reactions, not emotions.
The next weekly close will matter.
