Weekly BiasBitcoin / TetherUSBINANCE:BTCUSDTRomi_SalvaBitcoin Trading (Weekly Timeframe) Current Price: $75,538 USDT May 23, 2026 Chart Analysis: Bitcoin has corrected significantly from its All-Time High near $127,900. Price is currently testing a major support zone around $73,000 – $75,500 (cyan line area). The chart shows a potential upward reversal arrow, indicating a possible bounce from this support.Long-term trend is still down, but we may be forming a higher low on the weekly chart. Trading Idea (Bullish Bias – Dip Buying Opportunity) Entry:- $73,500 – $75,800 range (preferred zone with volume confirmation) Aggressive entry if it retests $72,000 support Targets:- Short-term: $85,000 – $92,000 Medium-term: $100,000 – $110,000 Long-term (if bull market resumes): $120,000+ Stop Loss:- Below $69,500 – $70,000 (weekly close) – this would invalidate the setup Risk-Reward Ratio: Potentially 1:3 or better About the Indicator:- Yes, this is a custom strategy called CA_RSI_Bol_Strat_1.1 (5,150). It combines: Bollinger Bands (for volatility and support/resistance) RSI (Relative Strength Index) for momentum/oversold conditions The strategy appears to be using Bollinger Bands with specific settings (likely period 5 and 150 for different components).