📊 1. Current Market Structure (Weekly Chart)

From your chart:

Price: ~$69,600

Trend: Clear downtrend

EMA(7) < EMA(25) < EMA(99) → Bearish structure

Price is below all major EMAs

StochRSI ≈ 5 (oversold) → Possible bounce soon

👉 This means:

BTC is weak now

Sellers are in control

But short-term relief bounce is possible

📉 2. Trend Status

🔮 Short-Term (Days–Weeks)

Trend: Bearish

Expect: Small bounce → then more volatility

🟠 Medium-Term (Weeks–Months)

Trend: Still bearish / correction phase

Market is digesting previous rally

🟱 Long-Term (6–24 Months)

Structure still bullish long-term

As long as BTC stays above ~$50k, macro trend is OK

đŸ§± 3. Major Support Levels (Very Important)

Based on chart + structure:

✅ Strong Weekly Supports

Level Zone Strength

$68k–70k Current zone Weak support

$62k–64k Next Strong

$55k–58k Major Very Strong

$48k–50k Last line Critical

✅ Monthly Supports (Big Buyers Area)

Level Importance

$60k Institutional support

$52k Cycle support

$45k Crash protection

If BTC loses $60k, market becomes dangerous.

đŸ”» 4. Possible Bottom Scenarios

🟱 Scenario 1 (Healthy Correction – Best Case)

Bottom: $62k–64k

Most likely if market stabilizes

Good dip-buy zone

🟡 Scenario 2 (Deep Correction)

Bottom: $55k–58k

If panic selling happens

Strong long-term buying zone

🔮 Scenario 3 (Crash / Black Swan)

Bottom: $45k–50k

Only if bad news / global panic

Rare, but possible

🎯 My Expected Bottom Range (Realistic)

Based on your chart:

> 📌 Most Probable Bottom: $58k – $64k

This is where big buyers will likely enter.

📈 5. Resistance Levels (For Recovery)

If BTC recovers:

Level Meaning

$75k First resistance

$82k EMA zone

$90k Trend reversal

$100k+ Bull continuation

BTC must reclaim $82k+ to become bullish again.

💰 6. Long-Term Price Expectation (1–3 Years)

If market follows normal cycle:

Conservative

👉 $100k–120k

Bullish

👉 $130k–160k

Very Bullish (ETF + Adoption)

👉 $180k+

But first, correction must finish.

📌 7. Smart Buying Strategy (For You)

If you want to buy near bottom, DON’T buy all at once.

Use DCA (Step Buying):

Example:

Price Buy %

$65k 20%

$62k 25%

$58k 25%

$52k 20%

$48k 10%

This protects you if price falls more.

📉 8. What Indicators Are Saying

EMA

❌ All bearish → trend not reversed

Volume

❌ Decreasing → weak buyers

StochRSI

✅ Oversold → bounce possible

👉 Expect: Small bounce → another dip → bottom → recovery

🧠 9. My Honest Expert View

Right now:

✔ Not best time for full buy

✔ Good time for slow accumulation

❌ Risky for leverage

I would personally:

Start small buying near $62k

Buy more at $58k

Keep cash for $50k zone

🔼 Final Summary

Current Trend:

🔮 Bearish

Strong Supports:

📍 $62k – $64k

📍 $55k – $58k

📍 $48k – $50k

Expected Bottom:

🎯 $58k – $64k (Most Likely)

Long-Term Target:

🚀 $120k+ (Next cycle)

BTC
BTCUSDT
68,857.5
+4.65%

#ADPDataDisappoints #JPMorganSaysBTCOverGold #EthereumLayer2Rethink? #KevinWarshNominationBullOrBear