BTC Weekly Chart Update

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BTC Weekly Chart Update Bitcoin / TetherUSBINANCE:BTCUSDTmaxi_ontiPosting the weekly chart here — we're likely heading for a close below the key prior support/resistance zone around $63k. -> HTF remains firmly bearish. The higher-timeframe structure hasn't flipped, and historically this setup makes another leg lower very likely. -> It's not guaranteed we'll print new lows, but the probability is high based on how these cycles have played out after strong distribution phases. -> That said, we won't necessarily go straight down. After the heavy selling over recent months, sharp short-term squeezes and new highs are still possible before the real downside resumes. -> Right now, BTC is testing major resistance in the Golden Pocket of the entire $57.5k–$67k range. We've slowly grinded higher over the weekend, squeezing out remaining shorts, and most of them are already liquidated. -> Longs have built up significantly, especially around $60.7k. A bit more upside squeeze can't be ruled out, but with the weekly candle shaping up to close below $63k resistance, a pullback looks probable into the new week. -> My base case stays the same: one more meaningful leg down toward the $53k–$48k liquidity zone. -> Short-term bounces higher are totally possible and should be expected — but my overall bearish HTF bias is unchanged. -> These are decent prices for accumulation if you're long-term bullish, but I'm still keeping most of my dry powder ready for lower levels. Patience has been the winning play in this range. We'll see how the market open reacts after the long weekend. => Key things to watch: Does this pullback deliver clear short confirmation on the higher timeframes? Or can we somehow sustain above $63k and push toward the next major short cluster at $67.7k (which feels far away right now)? Staying disciplined. The weekly structure is what matters most here.