Bitcoin (BTC) — Weekly Structure Shift Confirmed

Bitcoin has shown a clear bearish shift on the weekly timeframe, with a confirmed Change of Character (CHoCH) followed by a Break of Structure (BOS) downward from the highs.

This move was not a normal pullback — it was a strong impulsive breakdown, suggesting the market is transitioning into a distribution and markdown phase.

Currently, price is trading near 68K, showing weak reactions and limited bullish strength.

📉 Market Structure Insight

• Timeframe → Weekly

• Structure → CHoCH → BOS Down

• Phase → Distribution → Markdown

• Momentum → Bearish

• Bias → Relief rally before continuation

👉 Primary Outlook: Bearish continuation

🔑 Key Zones to Watch

🟥 Supply (Major Sell Zones)

75K–90K → Primary retracement zone

High-probability selling region.

90K–103K → Major supply zone

Fibonacci confluence (0.618–0.786)

Prior breakdown + Fair Value Gap.

🟦 Demand (Major Support Zones)

60K–56K → Major higher timeframe demand

Strong historical reaction zone.

50K → Major base level

Previous consolidation support.

🧠 Price Action Insight

Bitcoin formed a trend channel breakout, but failed to sustain momentum — creating a bull trap at the highs.

This type of failure often leads to:

• Distribution phase

• Weak corrective rallies

• Strong continuation moves downward

The current bounce appears corrective, not a confirmed reversal.

🎯 Likely Market Scenarios

🐻 Bearish Scenario (Higher Probability)

Relief rally → 75K–90K

Then continuation down → 60K → 50K

This remains the dominant path unless strong bullish confirmation appears.

🐂 Bullish Scenario (Lower Probability)

Trigger Conditions:

• Strong reclaim of 75K

• Acceptance above 90K

Only after these confirmations can new highs become realistic again.

📌 Conclusion

Bitcoin is no longer in simple correction mode — the weekly structure shift suggests distribution, with relief rallies likely acting as selling opportunities until strong bullish reclaim levels are confirmed.

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