Analysis: Price is currently trading around 1,636 after reacting off the range low near 1,504, where an SMT divergence formed against a prior high — a strong signal that the recent low won't hold long-term. From here, I'm expecting one more push up into the daily order block sitting between 1,700–1,760, ideally tagging into the lower edge of the higher timeframe OB above for a clean liquidity grab. Once price taps into that zone and shows rejection, the higher-probability path is a shift back down through the range low, targeting the 1,391–1,400 area where unmitigated liquidity remains.
LAST PHASE OF THE BEAR MARKET 📉 $BTC — Weekly Macro Outlook
**Big Picture:** Bitcoin has broken its long-standing weekly uptrend, shifting structure from bullish to bearish on the higher timeframe. Price is now trading below all major bearish order blocks, confirming continued downside pressure.
**What's happening:** Each rally has been rejected from a distinct weekly supply zone — first near 108,255, then 86,692, and most recently the 65,342 area. This step-down sequence points to ongoing distribution, with price being drawn toward deeper liquidity resting below.
**Targets:** 🎯 55,000 🎯 49,000
**Invalidation:** A weekly close back above 83,000 would invalidate this bearish thesis and shift the outlook back to neutral/bullish.
This looks like the final phase of the current bear cycle — expect sharp volatility along the way, not a straight line down.
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