BTC Weekly Market Analysis:

Last week's weekly line showed a long upper shadow bearish candle. After the high touched the 76000 resistance level, it pulled back and broke below the key 74000 level. Above 74000 is an important top resistance zone, and a breakthrough of 74000 is necessary for a weekly reversal opportunity. Currently, the weekly line is still trading within a downtrend channel. The key support below is around 65800 (rising trendline), and the current weekly resistance is around 70800. A breakthrough would provide upside space. Overall, weekly indicators show a death cross structure with MACD momentum bars contracting.

On the daily chart, the daily line has broken below the rising channel with volume expansion on the downside and volume contraction on rallies, which is unfavorable for bulls in the short term. Key support levels for potential pullbacks are: 68000 (chip concentration zone), 66000 (lower support of rising channel), 62000 (previous low support). Near-term resistance is around 70000, with strong resistance at 72000 (FVG gap + channel midline). If the important support around 66000 breaks, it may form a falling flag pattern with a target around 58000.

Daily MACD and RSI show death cross bearish signals. Focus on 4-hour timeframe for short-term opportunities; watch and wait for setups.