#BTCUSDT Weekly Overview, possible bottom and cycle top!

The market has finally tapped into a major weekly support region, and sentiment has flipped bearish almost overnight. Historically, these are often the conditions that produce sharp relief rallies before the next major move.

The $58.5k–$59.2k zone remains the key support area on the weekly timeframe. Price is currently reacting from this region, and as long as weekly candles continue to defend it, a relief bounce toward the $72k–$75k resistance zone remains a realistic scenario.

What makes this area interesting is that Bitcoin has already experienced an aggressive downside expansion in a relatively short period of time. Markets rarely move in one direction forever, and after such a rapid sell-off, liquidity above price becomes attractive. A short-term recovery to sweep overhead liquidity would not be surprising.

That said, the bigger picture still looks incomplete.

The rejection from the weekly moving averages and the failure to reclaim the previous support range suggest that the market may still require one final capitulation event before the next macro uptrend begins. If the current support eventually fails, the **$47k–$50k** region remains the most significant demand zone on the chart and would align with a deeper correction similar to previous cycle retracements.

My current expectation:

➡️ Hold $58.5k–$59.2k → Relief rally toward $72k–$75k.
➡️ Rejection from resistance → Another leg lower.
➡️ Final sweep into the $47k–$50k region.
➡️ Macro bottom formation: the current bear market is almost 70% over.
➡️ Expansion phase toward $160k–$172k+ during the next cycle leg.

One thing worth noting is that weekly RSI continues to trend lower and has not yet shown a strong bullish divergence. Previous cycle bottoms were usually formed after a period of sideways accumulation and maximum pessimism. We may still be missing that phase.

The next few weeks should be crucial. If buyers can reclaim and hold above the weekly resistance cluster around $72k, the bearish thesis weakens considerably. Until then, any bounce should be treated as a relief rally rather than confirmation of a new bull trend.

This is simply my interpretation of the chart and market structure. I could be completely wrong. Manage risk accordingly and always do your own research.

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Thank you

#PEACE