Technical Analysis BTCUSDT — 1W Timeframe (Weekly)

According to your chart:

📈 Main trend: still bullish

The weekly market structure remains overall bullish.

BTC is trading above the moving average (blue line), which supports the underlying trend.

The SMC indicator shows:

Swing: Bullish

Zone: Discount (interesting buying zone)

MTF Bias: 15m, 1H, and 4H are bullish, but 1D is bearish

Important Zones

🟢 Major support

$60,000 – $62,000

$55,000 – $58,000

$48,000 – $52,000 (very strong weekly support)

🟡 Current zone

BTC around $64,500

The price is testing a demand zone after a local bearish BOS.

🔴 Resistances

$68,500

$77,800

$90,000

$115,000 – $125,000 (large supply zone)

Most probable scenario

60% probability:

Consolidation between $60,000 and $70,000

Then a rebound toward $77,000 – $80,000

30% probability:

Break of support at $60,000

Return toward $55,000 or even $50,000

10% probability:

Immediate break of $68,500

Quick rally toward $77,000 then $90,000

What I will watch this week

✅ Weekly close above $65,000

✅ Clear break of $68,500

❌ Close below $60,000 = risk of accelerated downside toward $55,000

Conclusion

On the 1W, BTC remains in an overall bullish trend, but it is currently in a correction/consolidation phase after rejection at the highs. As long as $60,000 holds, buyers maintain the advantage, and a move back toward $77,000 remains possible in the coming weeks.#MyGateTradeStory $BTC