CORZ Weekly | Testing 0.702 Fib at Confluence Zone — AI Pivot MCore Scientific IncBATS:CORZWavervanir_International_LLCCORZ Weekly | Testing 0.702 Fib at Confluence Zone — AI Pivot Meets Macro Tailwind CORZ breaking out of a multi-month descending wedge on the weekly and now pressing into the 0.702 Fibonacci retracement at $18.80. This is the level that matters. Structure: Price reclaimed the CM Ultimate MA ($16.89) and is now challenging the 0.702 fib — a level that has acted as resistance since the Q4 2025 rejection. Weekly candle is printing a higher low sequence off the 0.382 ($13.27) support, which held as institutional demand through three separate tests. Key Levels (Fib Retracement): 0.382 ($13.27) — Major structural support, held on volume 0.618 ($17.35) — Reclaimed, now acting as near-term support 0.702 ($18.80) — Current resistance test, weekly close above confirms continuation 0.786 ($20.25) — Next target on breakout 0.886 ($21.98) — Aligns with analyst consensus PT zone 1.236 ($28.02) / 1.382 ($30.54) — Extension targets if momentum sustains Macro + Catalyst Confluence: The technicals aren't happening in a vacuum. CORZ just locked in a $1B credit facility (Morgan Stanley + JPMorgan), expanded the CoreWeave contract to ~590 MW with $10B+ projected revenue over 12 years, and signed a multi-year partnership as Official Data Center Partner for the Cadillac F1 Team. The company is actively pivoting from BTC mining to AI/HPC colocation infrastructure, and trades at roughly $4M/MW vs. the peer average of $7M/MW — a significant valuation gap. BTC itself is at $74.3K today, recovering from the Feb crash to $60K, with the Iran ceasefire narrative driving risk-on across equities and crypto. Miners pivoting to AI are outperforming pure-play BTC names. Thesis: Weekly close above $18.80 opens the path to the 0.786 at $20.25 and 0.886 at $21.98 (near analyst consensus). Failure to hold above the 0.702 likely retests $17.35 (0.618). Invalidation below $13.27. Watch volume on the weekly close. Structure is constructive, but confirmation > anticipation. Process over prediction. Risk-first, always. This is not financial advice. All analysis reflects personal research and opinion. Do your own due diligence.