#Bitcoin - Weekly Price Outlook ๐
๐ข HTF Context (Weekly & Monthly)
Bullish zone confirmed on both weekly and monthly timeframes ๐
However:
Despite the ongoing uptrend on H4/Daily, buyers appear to be losing steam at current levels!
๐ Technical Zoom (H4 & Daily)
H4/Daily trend: Still bullish but with fading buyer momentum
RSI (H4): Bearish Divergence spotted ๐ด
๐ Weekly Chart Caution
Price is significantly overextended above T/K lines meaning be careful!
High chance of consolidation/correction to lower levels before any new all-time highs (ATHs)
Safer entry: Wait for a proper retest of 101,000โ99,000 USD before going full bull!
๐ BTC Dominance
BTC.D remains bullish, climbing in a daily ascending channel
๐ If $BTC corrects, many alts could also dump or keep consolidating after recent FOMO ralliesโ๏ธ
๐ฏ Key Levels To Watch
111,700
107,000โ106,700
105,000โ104,800
103,200
100,200โ99,000
๐ Strategy Recommendations
Day/Swing: Caution, possible correction incoming, donโt FOMO! Ideally wait for a clear daily close above 112k or a successful retest of key lower supports before aping in heavy.
โ๏ธLong-Term Investors: Structure remains bullish as long as above 98k and (lower) 92.5k.
๐กSummary:
Long-term trend is intact, but caution is warranted short/mid-term. Expect a liquidity grab before another ATH ๐จ
๐ RT and follow for more top-tier TA breakdowns!
