BTCUSD traded around 105319.11 this week, continuing its bullish structure after a strong recovery from the March 2025 lows. While price remains near multi-month highs, momentum has begun to plateau just beneath the major resistance zone at 111012.06, reflecting possible exhaustion or preparation for a consolidation phase.

Bitcoin’s price structure on the weekly chart is still in an uptrend, supported by the 20-week EMA that continues to slope upward. However, after a sharp rally, recent candles show smaller bodies and upper wicks, suggesting buying momentum is slowing near resistance. MACD histogram bars are positive but shrinking, while the MACD line remains above the signal, indicating a weakening but still intact bullish momentum.

Volume remains relatively stable without notable spikes, meaning no excessive buying frenzy or panic selloff is currently present. Support zones are clearly identified at 93146.74 and further below at 78840.65. If bulls fail to break above 111012.06, a corrective move toward one of these support levels could be expected, especially if MACD momentum crosses down in the coming weeks.

Market Observation & Strategy Advice
1. Resistance Level: 111012.06 is the key upside barrier. A weekly close above this level would open the path toward new ATH testing.
2. Support Levels: Initial support sits at 93146.74, followed by stronger structural support at 78840.65 in case of deeper retracement.
3. MACD Signal: MACD (12,26,9) is still bullish, with histogram at 3226.469, but showing early signs of deceleration.
4. Price Behavior: Consecutive weekly candles with long upper shadows near resistance point to profit-taking or hesitation.
5. Trading Strategy Suggestions:

• Breakout Entry: Watch for a strong close above 111012.06 with rising volume to confirm trend continuation.
• Pullback Buy Zone: Look for potential re-entry around 93150 if price retraces with bullish reversal signals.
• Trend Reversal Alert: A bearish MACD crossover or close below the 20-week EMA could invalidate the current uptrend.
  
  

Market Performance:
Crypto   Last Price    % Change
LTCUSD   88.31             +0.32%
ETHUSD   2,609.5         +0.02%

Today’s Key Economic Calendar:
AU: Balance of Trade
EU: ECB Interest Rate Decision
CA: Balance of Trade