#MarketRebound On the weekly timeframe, price is currently reacting around the $68,000–$70,000 region, which aligns with the 200-week moving average. This level acts as long-term dynamic support. A strong weekly close above this zone increases the probability of stabilization. However, a sustained breakdown below $65,000 may lead to a deeper correction.
On the 3-day chart, the descending trendline remains valid. Immediate resistance is located near $75,000–$78,000. A confirmed breakout above this area with strong volume may signal structural recovery. Until that happens, the corrective structure remains active.
If the current demand zone between $55,000–$60,000 fails to hold, the next major liquidity area is likely around $45,000–$48,000. This range represents a deeper support level where long-term buyers may re-enter the market.
In My POV: Bitcoin is positioned between a key support zone ($65K–$70K) and a broader demand area ($55K–$60K). Confirmation of trend continuation requires a break above resistance, while loss of support opens the path to lower liquidity levels.
On the 3-day chart, the descending trendline remains valid. Immediate resistance is located near $75,000–$78,000. A confirmed breakout above this area with strong volume may signal structural recovery. Until that happens, the corrective structure remains active.
If the current demand zone between $55,000–$60,000 fails to hold, the next major liquidity area is likely around $45,000–$48,000. This range represents a deeper support level where long-term buyers may re-enter the market.
In My POV: Bitcoin is positioned between a key support zone ($65K–$70K) and a broader demand area ($55K–$60K). Confirmation of trend continuation requires a break above resistance, while loss of support opens the path to lower liquidity levels.