$BTC
On the weekly chart, Bitcoin is showing strong bullish momentum. The price has broken and closed above the key resistance zone (highlighted in blue).
As long as BTC stays above this zone, the trend remains bullish. However, if the price dips below this blue area, it may act as a support region where the market could consolidate or retest before resuming upward movement.
Traders should be ready with high-leverage futures positions. With BTC's current volatility, even a $10,000 move in a short period is very possible, which could liquidate many over-leveraged trades.
Proper risk management is essential in this environment.
