The current situation of the $BTC weekly chart is somewhat delicate, as the supply zone indicated has just been tested... and there are indeed signs of short-term stagnation in price within this weekly candle...

From a weekly perspective, it can basically be judged whether we will continue to trend bullish or start a longer-term range consolidation based on the breakout of this supply zone...

Q: Is the weekly supply zone strong?

A: Based on historical data, the probability of the weekly supply zone being broken through in one go is only one-third, and in most cases, it is first resisted and retraced, then either turns bearish directly or experiences a 4-6 week consolidation before breaking through;

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Q: What is the current advice for spot traders?

A: For those trading in the larger time frame on the weekly chart, it might be worth considering selling about 20% of your spot holdings for a left-side take profit operation. If the price fails to break through the supply zone but the larger structure remains intact (price consistently above the yellow line), then you can take advantage of the pullback to make a simple trade;

If the price indeed peaks and turns bearish (falls below the yellow line), then this action can also lock in some profits;

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Q: What if this time is a low-probability event and the weekly chart breaks through the supply zone?

A: Then we would see a standard bullish trend accelerating in the later stages, theoretically targeting the range of 126k~136k, which corresponds to the weekly overbought line.