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BTC/USD Weekly Analysis – Key Levels & Market Structure

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📌 Major Trend Channel: The price remains within a long-term ascending channel. It recently rejected the upper boundary and is currently testing key support zones.

📌 Key Support Zone: The price is reacting to the SNR - Support level. If this level holds, a potential bounce toward 100,297 (mid-channel level) could be expected.

📌 Order Blocks & Imbalance: There are key liquidity zones, including a discount price imbalance and resistance order block around $55K-$60K, which could act as a magnet in case of further corrections.

📌 Potential Upside Targets: If bullish momentum resumes, the next target aligns with the channel’s 50% level at $100,297, before retesting the upper boundary.

🔍 Overall Bias: Short-term retracement possible, but bullish structure remains intact above $73,969 support.

Risk Warning: Trading carries a high level of risk and may not be suitable for all investors. Please ensure you fully understand the risks and seek independent advice if necessary.

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