Hold on, everyone! Let's focus on this $BTC weekly chart. š
This isn't random noise; it's significant market structure. $BTC is currently holding major weekly demand that has repeatedly acted as support within this cycle. Each prior tap of this zone has led to market resets and subsequent upward movement.
This means the $80,000 ā $82,000 zone is a critical accumulation and defense area.
As long as $BTC maintains weekly closes above this zone, the macro structure remains bullish.
This current pullback appears to be a healthy correction rather than a trend failure.
Here's a look at potential future targets from a weekly perspective:
**Upside Scenario (if support holds):**
95,000 ā 98,000 is the first expansion zone.
110,000 ā 120,000 targets previous weekly supply.
130,000+ could be the next cycle leg if momentum persists.
**Downside Risk (only if support breaks):**
The $80,000 ā $82,000 zone is the last strong weekly demand.
Breaking below this level would indicate structural damage, which is not confirmed yet.
**The Bottom Line:**
Smart money observes weekly levels, not short-term fluctuations. This zone is for building positions, not for chasing the market. The trend is paused, not reversed.
Patience is key here, separating skilled traders from those who gamble. The weekly structure will determine the next major move for $BTC.
