At the Intersections — Reclaim the Structure or Slide Deeper?

on the weekly timeframe shows a clear shift in character after a long bullish cycle. The price previously respected the uptrend line, forming consistent higher highs and higher lows within a structured upward channel. That trend has now been decisively broken, indicating that momentum is weakening and market control is no longer fully in the hands of buyers.
The chart highlights several previous rejection points near the upper boundary of the range, where it formed distribution-like structures before reversing. The latest rejection near the ~$$BTC zone marks a macro low high, followed by an aggressive decline that cuts through the uptrend line — a major technical invalidation of the bullish structure.
Currently, the price is attempting a rebound after touching the demand zone of ~$60K–$BTC . However, the “area to focus on” around ~$85K–$BTC functions as a major supply region. This zone aligns with previous support that has turned into resistance and sits just below the broken trend line, making it a critical decision point.
If $120K fails to reclaim and hold above this region, the market is likely to continue its bearish trend, with potential revisits to $65K or even deeper liquidity zones below. On the other hand, successfully reclaiming $95K with a sustained weekly close above it will indicate a deviation and open the way back above $110K+.
For now, the structure supports caution — this is a classic transition phase where patience and confirmation are more important than anticipation.
$BTC
$60K