🔷️ $BTC is now trading just above the main long-term support zone after losing the 2021 ATH and 2024 ATH levels. Rejection from the purple resistance area confirms that sellers are still controlling momentum in the medium term, while the current weekly structure shows persistent pressure toward the green support zone. 📉

What makes this area important is that the market is approaching a zone that previously acted as a strong demand cluster. Historically, $Bitcoin has often produced sharp reactions when revisiting major support after a long correction. Buyers now have a critical opportunity to defend the structure before a deeper retracement occurs. 👀
From a technical perspective, the current trend remains bearish below the blue and purple resistance bands. A meaningful recovery first needs to reclaim the lost levels and turn them back into support. Until that happens, rallies may continue to face selling pressure. ⚠️
At the same time, panic often peaks when the price reaches historically significant support zones. The next few weekly candles may determine whether this is a local capitulation phase or the start of a broader downside extension. For now, all eyes are on the green support area and the market's reaction around it. 🔥
📊 Key observations:
🟢 Price is testing major long-term support.
🟢 The green zone remains the most important area on the chart.
🟡 Previous ATH levels have turned into resistance.
🔴 Weekly structure remains under pressure until resistance is reclaimed.
⚠️ Not financial advice.
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