📊 *Weekly Market Analysis – Bitcoin*
👉 Our strategy is clear:
• No buying positions will be taken unless Bitcoin gives a proper breakout above $75,000.
• If this breakout happens, we can expect a strong bullish move towards $97,000 – $100,000 (1 lakh zone).
📉 Short-Term Outlook (This Week)
👉 The daily candle (morning close) and weekly closing will be crucial in deciding the next move.
🔻 Bearish Scenario (Short Positions)
• If Bitcoin breaks below $70,000 with a strong close, we will look for short opportunities.
• In that case, the price can drop towards:
• $61,000 – $62,000
• If weakness continues, extended targets could go as low as:
• $50,000 – $55,000
🔼 Alternate Short Zone
• If price moves upward but fails to break $75,000, we will look to short around:
• $74,000 – $75,000 resistance zone
🟢 Buying Opportunities
1. Breakout Trade
• Above $75,000 → Strong Buy
• Target: $97,000 – $100,000
2. Support-Based Buying
• Around $65,700 zone → Strong support
• If price drops from $70K, we can buy near $65K–66K
• Target: Back to $75,000 (quick momentum rally possible)
3. Deep Buying Zone
• If Bitcoin falls sharply:
• $60,000 – $62,000 → Major accumulation zone
⚠️ Conclusion
• $75K = Key Resistance
• $70K = Key Breakdown Level
• $65K & $60K zones = Strong Buying Areas
This week is highly dependent on weekly and daily closing confirmations, so patience and discipline will be key.