#202529 - priceactiontds - weekly update - daxBitcoinCRYPTO:BTCUSDpriceactiontdsGood Day and I hope you are well. comment: Prior weeks close was 24332 and this was it was 24386. Bulls need to continue with higher lows and bears need to break below 24000 for lower prices. Not more magic to. current market cycle: bull wedge key levels for next week: 24000 - 25000 bull case: Bulls are still in control until we print lower lows again. We have 2 potential bull trend lines close to the daily ema and that’s around 24200 and will be my line in the sand for bulls next week. Below, chances of 24000 go up big time. If we stay above 24300, there is no reason we can not test back up to 24500 and above that we will likely try 24700+ again. Invalidation is below 24000 bear case: Bears need a lower low below 24000. That’s really all there is to it. As of now the selling on Friday was decent but it’s not enough to expect follow-through selling. Below 24000 I think we can test the 50% retracement at 23900 but I’d be surprised if we go lower. Only an event could trigger that. Lower targets would be as marked on the chart. Invalidation is above 24749 short term: Neutral. I want follow-through selling but will likely won’t get it. It’s still a bull wedge until we have a daily close below 24000. medium-long term from 2025-06-29: Bull surprise last week but my targets for the second half of 2025 remain the same. I still expect at least 21000 to get hit again this year. As of now, bulls are favored until we drop below 23000.