BTC Weekly Price Analysis:

Last week's weekly candlestick showed a long upper wick bearish line. After the high touched the 76000 resistance level, it pulled back and broke below the key 74000 level. Above 74000 is an important resistance zone. Breaking through 74000 presents an opportunity for a weekly reversal. Currently, the weekly chart is still running within a downtrend channel. The key support below is around 65800 (ascending trendline). The current weekly resistance is around 70800. Breaking through would provide upside space.

Weekly indicators show an overall bearish crossover structure with MACD momentum bars shrinking. On the daily timeframe, the daily chart broke below the ascending channel with volume increase on the downside and volume decrease on the upside, which is unfavorable for bulls in the short term. Key support levels for continued pullbacks are: 68000 (chip concentration zone), 66000 (lower support of ascending channel), 62000 (previous low support). Short-term resistance is around 70000, with strong resistance at 72000 (FVG gap + channel midline). If the important support around 66000 breaks, it could form a bearish flag pattern with a target around 58000.

Daily MACD and RSI show bearish crossovers. On the short-term level, focus on the 4-hour timeframe; wait for short-term opportunities to present themselves.