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BTC on the weekly is basically catching its breath. After that strong run up, price hit heavy selling near the top and hasn’t been able to reclaim momentum since. The push higher got sold into, and ever since then the market’s been moving more cautiously.
The recent candles tell the story — no strong bodies, lots of wicks, up and down. That’s not strength, that’s indecision. Buyers aren’t gone, but they’re clearly hesitant, and sellers are defending every move up.
Volume has dried up compared to the rally phase, which usually means one thing: nobody’s in a rush. When volume drops like this, you don’t usually get explosive upside right away. Price either ranges or dips a bit more to shake people out.
Momentum-wise, it’s soft. MACD is still leaning bearish, but selling pressure isn’t accelerating. RSI is sitting in the middle — not oversold, not overbought — so the market still has room to move in either direction.
The important area right now is this mid-80s zone. As long as BTC holds above it, this just looks like a correction inside a bigger bullish trend. Lose that level, though, and it opens the door for a deeper pullback before any real bounce happens.
So overall:
No strong long signal yet
Short-term looks choppy, slightly heavy
Bigger picture stays bullish only if support holds
This is a “wait and react” market, not a “predict and hope” one.
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