BTC Weekly analysis

https://preview.redd.it/scac8d19u4wg1.png?width=1281&format=png&auto=webp&s=e98e6c59f6be51d09b30047a868cd932a4c9dd68

https://preview.redd.it/cano9c19u4wg1.png?width=1281&format=png&auto=webp&s=ca1dfa475fa3787fd3bd2d26b6c9b783e9e7c47c

Overall Market Structure

• Price is moving inside a descending channel, confirming a downtrend continuation.
• With the moving average resistance.

price is more likely :-

• Downtrend continues
• Price likely revisits:
  • 70k lows
  • Then deeper into 60k–55k demand zone

If price breaks and holds above the supply zone (~85k):

• BUT it Requires:
  • Strong weekly close above resistance
  • Break of descending channel**.**
• Until that breaks:
• This is still a sell-side-rally market

This analysis is for educational purposes only. It reflects personal market observations and is not intended as financial, investment, or trading advice. I am not responsible for any profits or losses resulting from actions taken based on this analysis.