BTC 1W Chart !Bitcoin / U.S. dollarBITSTAMP:BTCUSDcryptodailyuk🔥 1. GENERAL TREND (1W) The long-term trend is still upwards because: • the price stays in the orange channel, • the black trend line (key) has not been broken. But at the same time: ➡️ We see correction after local ATH around 115-120k. This is a typical cyclical decline after breaking out from the extremes. ⸻ 🔥 2. KEY LEVELS OF YOUR CHART Closest support (S) 1. 94 315 → current retest 2. 85,895 → key trend support 3. 74,896 → the most important defensive level against mega relegation Nearest resistances (R) 1. 105,901 – the first serious resistance 2. 114 437 – strong ceiling 3. 125,907 – potential target for a new growth impulse ⸻ 🔥 3. STOCHASTIC SITUATION (1W) Stoch is deeply oversold → a signal of a potential rebound. On a weekly basis, such signals usually mean: • local minimum, • beginning of a new growth wave in the 4-8 week window. ⸻ 🔥 4. MARKET STRUCTURE (PRICE ACTION) The current candles suggest: • a strong defense attempt on 94k, • getting closer to the black trend line, • there is still room to move higher in the orange channel. This looks like: ➡️ a correction in the upward trend, not a change in the trend. ⸻ 🔥 5. SCENARIO FOR THE NEXT WEEKS 🟢 Growth scenario (more likely) Condition: maintaining 94k or black trendline Targets: • 105,900 – first target • 114,400 – medium target • 125 900 – full swing to the upper edge of the channel Probability: 60-70% (because Stoch is sold out + entry to support the channel) ⸻ 🔴 Downside scenario (less realistic) Condition: weekly close below the black trendline Only then do we fly: 1. 85,900 2. 74,900 – an absolute must-hold A break of 74,900 would mean: ➡️ end of the growth channel ➡️ entering a long-term bear market Probability: 30-40% ⸻ 🔥 6. Summary in points Current situation • BTC is sitting right on support. • Weekly Stochastic = buy signal. • Growth channel still intact. • The market looks like it's getting ready to rebound. If 94k stays → we go to 105k+, then 114k. If he hits the black line → 85k and 74k in the game.