23/02/26 Weekly OutlookBitcoin / TetherUSBINANCE:BTCUSDTProR35Last weeks high: $70,126.67 Last weeks low: $65,631.83 Midpoint: $67,879.25 BTC has settled into a trading range between $65-70k as the bulls struggle to make up any of the lost ground that has been sustained so far this year. This weeks midpoint at ~$68,000 proved to be too much resistance for the bulls as every attempt to flip the level resulted in a sell-off with the latest rejection sending Bitcoin down to low $64,000's in the early hours of this weeks trading. It is quite clear someone is defending that level with strength. For that reason I do think this weeks Midpoint is the key battleground. What is worrying from a fundamentals standpoint is that the open interest has dropped 51% from October highs, also MSTR accounted for 93% of BTC treasury purchases last month. To me this suggests Institutions see BTC going lower and this already discounted price compared to just the end of last year is not enough to entice them into adding to their treasury stockpile. For now in the short term a SFP of the weekly low is in play, a successful retest of the weekly low as support and now looking to fill inefficiencies, 0.25 line being the first point of resistance followed by $67,200 bearish orderblock/ origin of the impulse candle down.