📊【BTC Technical Structure Strong Continuation】
Bitcoin firmly holds at $109,000. From a weekly perspective, it continues the main upward wave structure that has been in place since the end of 2022. It is currently entering the Fibonacci 2.618 extension range, with a mid-term potential target of $165,261.
🧩 The three key points of technical analysis are as follows:
1️⃣ Structure Confirmation:
Three green upward trend lines have not been effectively broken since November 2022.
Each time it breaks out after consolidating at key resistance areas ($31K, $49K, $73K), it is accompanied by several weeks of rapid upward movement.
2️⃣ RSI and Momentum Rising in Sync:
The weekly RSI has not shown any overheating divergence; instead, it has gently risen, demonstrating a healthy upward rhythm.
MACD maintains a golden cross with no significant divergence signs.
3️⃣ Fibonacci Measurement and Advancement Expectations:
After breaking out from the $73K consolidation zone, the corresponding 1.618 is $109K, which has been achieved.
If it can break through the $110K–$112K pressure zone, the Fibonacci 2.618 structure corresponding to $165,000–$167,000 will become the endpoint of the main upward wave.
📌 Additional Observations:
On-chain data shows active addresses rebounding, and short-term holders' positions have not shown significant loosening.
ETF net inflows are warming up, and miner selling pressure has not changed, indicating that the market is still reasonably digesting previous high pressures.
🎯 Conclusion:
If it can continue to hold above $109K and stabilize in the $112K–$115K range, the weekly chart is expected to continue the typical 'breakout-consolidation-acceleration' rhythm, moving closer to the $165K target.
At this juncture, do you trust the chart or the talk? You choose one.