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Here's the latest weekly BTC overview (for March 4, 2026, and the upcoming days). Data based on the current market: BTC is trading around $68,000–$71,000 (latest updates show a rise to ~$71,018 this morning UTC, +~6% for the day after bouncing off the $66k–$67k zones).
Brief weekly outlook:
The market is in a consolidation phase after the February dump. BTC has stabilized in the $65,000–$70,000 (main accumulation zone). Sentiment is mixed: Fear & Greed at Extreme Fear level → no overbought conditions, whale accumulation continues, ETF inflows are recovering.
• Bullish scenario (mainly from Zeberg et al.): breakout upward to $110k–$120k in March amid “Risk-On Fever,” ETF inflow, and institutional participation. Short-term — test $72k–$75k if we hold above $68k.
• Bearish risk: if we break below $65k–$64.5k — a pullback to $60k (critical support), or even $50k in the worst case (bear flag). As selling pressure weakens, weekly RSI ~28 (oversold, close to the 2022 bottom).
Current entry points (for March 4, 2026):
For buying (long):
• Ideal zone: $67,000–$68,000 (support from MA30 + recent bounce).
• Conservative: $65,000–$65,500 (strong support, stop below $64k).
• Targets: $72,000 (near), $75,000–$80,000 (breakout), then $90k+ in case of momentum.
• Condition: close above $70,000 + volume.
For selling (short):
• Zone: $70,000–$70,500 (psychological resistance + recent rejection).
• More aggressive: $72,000–$72,500 (strong resistance).
• Down targets: $65,000, $62,900 (short squeeze low), $60,000 (critical).
• Condition: rejection from $70k + divergence on momentum.
$BTC — waiting for a breakout from the range. Currently neutral-bullish bias, but stops are mandatory (high volatility).