BTC futures closed the week at $68.4k forming inverted hammer pattern.

BTC futures closed the week at $68.4k forming inverted hammer pattern.

Volume Profile confirms long-term support $65-69k. The 200-day futures trend sits at $101k (for spot $95k) acting as resistance.

This is the 20th consecutive week under SMA200. Last time it happened was 2022 and was followed by -63% decline.

March historically returns -19% for BTC in midterm years, so we'd be targeting sub $55,000 by month end.