#BTC Weekly Timeframe (TF) Update
On the weekly chart, Bitcoin’s candles have started shrinking after that strong impulsive move downward. That slowdown isn’t bullish yet, it simply shows the market is cooling off after heavy selling. Price is still under pressure since losing the $72K market structure level, which was a key support. Now that level has flipped into major resistance.
The structure is clearly bearish for now, with #Bitcoin printing lower highs and struggling to regain strength. Momentum hasn’t shifted, it’s just consolidating under resistance.
I think this kind of small weekly candle formation after a sharp drop often signals indecision not reversal. Bulls need to reclaim and hold above $72K to change the narrative. Until that happens, rallies should be treated cautiously, more like relief bounces than confirmed trend reversals.
Right now, patience matters more than prediction.
Major support sits around the $60K–$59K zone. If that area fails, we could see deeper downside. But if buyers step in aggressively there, it could become a strong reaction point.
