Ant

$BTC (1W) - Weekly structure is trying to flip bullish again. Last week Bitcoin closed back above the multi-month downtrend and is now pushing to reclaim the bull market support band. At the same time, price is pressing above weekly resistance (R1) at around 78K. Reclaim the band + break R1 → and the higher timeframe shift becomes real. Fail here → and this turns into another rejection within the trend. A few hours left on the candle… this close matters.

This is a very important weekly close. And so far, its looking good for the bulls. But lets cover the 360 degree picture here. On the HTF Bitcoin has now: - Reclaimed HTF structure and the 2025 yearly low - Broken out on the 1W RSI - Ticked bullish on the 1W MACD - Broken above the 100D SMA On the bearish side we have: - Below the 1W 50EMA - Below the 200D EMA - Short term holders average cost & true market mean at $79,000 There are some very key levels for BTC to work through here before you could begin to confirm a new uptrend. However, every previous time Bitcoin has reclaimed HTF structure, it has marked the cycle low. In addition, with the RSI and MACD so strong, I am, every day that passes, expecting this to mark our low and move higher. On the LTF we have: - Price stabilising at this key level - Funding on its longest negative streak in years - Spot leading the rally - Coinbase premium consistently positive In short, there has been a strong bid for Bitcoin and its holding it. My thoughts as we head into next week/month are that a rejection here to a retest of the $74k level could be next, retest the HTF structure breakout... But then a move towards $86,000, breaking through STH cost basis and true market mean this time, to have a go at the 1W 50 and 1D 200 EMA's. They will bring another challenge. Overall though, I am of the view that we have very likely bottomed here and the breaking above $74,400 on the weekly confirms the expanded flat correction for me. Both the RSI, MACD and weekly structure show positive signs. If we lose this level again on a next weekly close, that would be bearish and I would then be looking for lower targets in the range again. Let's see how it goes!

$BTC I’m still in my swing short, nothing has changed. Every short I’ve taken has been called out publicly, with my entries, updates, and closures. I’ll reply with proof for anyone questioning it. The reality is simple... I’ve navigated this cycle well and captured the majority of the key swing moves. At some point I’ll be wrong, that’s part of the game. That doesn’t erase the consistency of the trades I’ve shared, every short since 123K. My current position remains swing short, with invalidation as a 1W close above 80K (SSL). If I get stopped, I’ll own it. Simple as that. My track record is out there, and I won’t hide from my losses. 🤟

$BTC There is the test of the bull market support band. Important weekly area we are trading at here. Above, the BMSP acting as resistance for now. Below, the Weekly 200EMA has been the primary support. Relatively large range in between, but we are talking weekly levels after all. Good to keep an eye on the candle closes around these levels.