📊 BTCUSD Analysis – Weekly Time Frame (W1)
🔍 The image illustrates the following scenario:
1️⃣ A strong support area around $73,000 represents a clear weekly support.
The price reached it after a deep correction from the peak.
This area was previously a strong resistance, and is now being retested.
2️⃣ The red line🔴 = Previous key resistance which confirms its historical significance.
3️⃣ The potential bullish scenario
If the price remains above $73,000 and does not close weekly below it:
We expect the beginning of a medium to long-term upward wave.
First target: returning to previous peaks.
Extended target indicated: $126,000 📈
⚠️ Important Note
This analysis is educational and not an investment recommendation.
The crypto market is high risk, and capital management is essential.
$BTC
BTCUSDT
Perp
69,587
+5.91%