$BTC BTC Rejected Again — Short-Term Weakness Creeps In
Bitcoin has once again failed to hold the prior high-timeframe support zone (the purple range), an area that has acted as a reliable reversal point for months. This rejection came right after a brief push above the 1D Bull Market Support Band, a move that ultimately proved unsustainable — and that’s a red flag.
Now the situation is clearer:
- BTC has lost the Bull Market Support Band
- The high-timeframe support range has been reclaimed as resistance
- Momentum has weakened instead of confirming a breakout
At this stage, caution is warranted. Low-liquidity, low-volume weekend moves are notoriously unreliable, so there’s no rush to overreact on lower timeframes just yet. However, if weakness persists into higher-volume sessions, it would justify scaling into partial hedges to reduce short-term downside exposure.
A clean and durable breakdown from here would open the path for a deeper pullback into a higher-timeframe support zone, aligning with the early-April bottoming structure. That area could then serve as the foundation for a more sustainable upside reversal — but only after the market proves it.
For now, structure matters more than noise.
The next sessions will decide whether this is just a shakeout… or something deeper.
