$BTC
Btc update..
Bitcoin has officially tapped the weekly demand zone.. but the current price action is still showing strong impulsive bearish momentum. The recent weekly candles are closing with extended bodies and minimal wicks, indicating that sellers are still firmly in control..
At this stage, we cannot assume a reversal..
We need clear confirmation, either from :
Weekly: a slowdown in bearish momentum (smaller body, long wick, or a bullish close)
Daily / 4H / 1H: a valid bullish confirmation pattern such as bullish engulfing, or consistent higher lows
If the current weekly demand fails to hold, price still has room to drop toward the monthly RBS demand zone.. That area remains a major structural support, but even there we still require confirmation.. the market must show that sellers are weakening before any strong bullish setup becomes valid.,
As long as weekly candles continue to close with strong bearish bodies and no reversal signals, downside continuation remains possible toward the next monthly demand zone..
