BTC Price Analysis Based on Weekly Chart

📉 Current Situation:

BTC is trading at 84,752 USDT, down sharply by 11.95%.

The price has broken the rising wedge pattern and experienced a significant dump.

📌 Key Points of Interest:

Important Support:

The long-term uptrend line is still being held, with a potential support zone around 82,000 - 84,000 USDT.

If the price holds this area, a rebound may occur.

Nearest Resistance:

The range of 90,000 - 92,000 USDT is important resistance.

If BTC cannot return to this range, the downtrend may continue.

Next Risk:

If BTC loses support at 82,000 USDT, the possibility of a retest at 70,000 - 75,000 USDT may occur.

The chart shows that market sentiment is quite negative, and there may be additional selling pressure.

📊 Possible Scenarios:

✅ Scenario 1 (Positive): BTC holds the 82,000 - 84,000 USDT range, bounces back to retest 90,000 USDT. If successfully broken, it may return to an uptrend.

❌ Scenario 2 (Negative): BTC continues to drop below 82,000 USDT, paving the way for deeper support levels (75,000 - 78,000 USDT).

🚀 Advice:

If you are a long-term investor: Observe the price reaction at support, it could be a buying opportunity if BTC holds the trendline.

If you are a short-term trader: Wait for a clear reversal signal, avoid catching the bottom too early.