Crypto Weekend BTC Market Analysis:



BTC weekly chart shows a bullish upward pattern this week, surging higher and then pulling back, forming an upper shadow. The weekly remains in an upward structure (biased bullish but entering a strong resistance zone). This week's rally faced significant selling pressure around 82,800 (FVG gap). Overall, the weekly is in a sideways upward consolidation; breaking through 82,800 could lead to higher levels. Holding above 75,000 may allow the weekly bullish trend to continue. The weekly MACD shows a golden cross, RSI and CCI have generated bullish crossovers, maintaining a bullish outlook. On the daily chart, yesterday closed with a large bearish candle, ending a three-day bullish streak, indicating some weakening of the bulls. A bearish evening star pattern appeared, with price facing resistance at the upper boundary of the ascending channel at 82,000 and pulling back. Key resistance above is 81,500; key support below are 79,100 (neckline) and 77,000 (midline). The daily remains in a sideways upward structure. Daily MACD is losing momentum, RSI and CCI show death crosses, indicating a risk of pullback. In the short term, focus on the 4-hour chart for trading opportunities. For operations, consider shorting in the 80,500-81,500 range with a stop at 83,000.
BTC0.14%
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