Analysis $BTC Weekly Close: Bears Are in Control, Sub-60K Approaching? This week, Bitcoin closed poorly: a long wick swept the entire pump, the following candle filled the wick and closed above 71.4K, but last week's candle wicked up high then retraced violently, pushing the price back to the old range. Market sentiment:
Longs were wiped out en masse (continuation, breakout, mid-range). Bears are in control, bulls are heavily trapped. Important price levels to watch:
CME Gap 70K: Strong resistance. Push up to test → rejection = bearish confirmation. Monthly Open 66.9K: Level of observed acceptance. HTF support 65.9K – 64.7K: Losing this area → bulls “goodnight”, sub-60K likely to happen. Forecast scenario:
Push up to 70K bait late shorts → rejection → bearish retest → continuation down. The final CME gap will fill. Conclusion:
Bears are dominating. Tight risk management, watch for reactions at 70K this week. Sub-60K is very feasible if 64.7K is lost. DYOR & trade safe!
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