🟦 $BTC - Weekly Price Outlook
Main Trend:
Still bullish overall!
Last weekly close = solid bullish candle 📈
Key Levels:
Above $103,500 - $104,000: Range high/ATH breakout & price discovery still on the table!
Big inflows from ETFs keep momentum alive.
Short term:
Eyes on $105.5k area--> likely to be tested next. 📉
🟥Risks to Monitor:
A strong bearish rejection at $109k would be a bad sign (watch for possible 3rd Lower High).
Drop below $103,500 opens way for a test of $98,000 - $96,000 (possible bull flag scenario).
💡To Summarize:
$BTC still locked in sideways consolidation for 6+ weeks ($111k - $98k range).
Short-term: Neutral, stuck below major resistances.
Medium-term: Structure remains bullish.
⏳ Caution: Longs now are risky under resistances (choppy price action likely to continue for several days).
Confirmation = Weekly close above $109.50k for major bull rally signal!? 👀
💡 Tip: #Alts Market Opportunity?
Also, BTC.D (Bitcoin Dominance) is now testing the 66–67% resistance zone! [double top??]
-If it rejects here, alts might benefit from increased flows.
-If it breaks out, expect Bitcoin strength to continue versus alts. [Upper level 70% - 71%]
It may be easier to spot strong setups on alts as long as $BTC holds this key support! 🚀
⇒ Keep your eye on altcoins for explosive moves if BTC remains stable!
