🚀 $BTC New Weekly High at $66.5K?
Let’s remove emotion.
Let’s read the data.
⸻
📊 Current Structure (5m)
• Strong bounce from 64.1K
• Higher lows forming
• Testing previous high zone 66.5K
• MA reclaim attempt
Price is attempting structure recovery.
But attempt ≠ breakout.
⸻
📈 Open Interest
OI expanded during the bounce.
Important question:
Did OI rise because of:
A) Fresh longs
or
B) Shorts re-entering?
From positioning data:
Long/Short ratio climbing aggressively.
Crowd is getting long.
That’s fuel — but also risk.
⸻
🔥 Funding
Funding positive.
Not extreme yet.
No euphoria spike.
So no overheating signal (for now).
⸻
🧠 Taker Volume
Buy aggression increased on push.
But no explosive imbalance yet.
This is controlled expansion — not squeeze mode.
⸻
🎯 Key Level
66.5K = liquidity + prior rejection.
To confirm new weekly high breakout:
• Clean close above 66.5K
• OI continues rising without sharp funding spike
• No immediate rejection wick
If rejected:
We likely revisit 65K quickly.
⸻
📌 Probability Breakdown
Above 66.5K hold → momentum continuation
Rejection → liquidity grab → pullback
Right now:
Structure improving
But breakout not confirmed yet.
Let the level decide.
No guessing.
#BTC #crypto #BinanceSquare #Marketstructure #SmartTrading
