Bitcoin (BTC) Market Update | Daily & Weekly Technical Analysis

Hope everyone is doing well.💓

Today, I’m sharing my latest Bitcoin (#BTC) market update based on Daily and Weekly timeframe technical analysis.

This analysis is based on price action, market structure, moving averages, and key support & resistance zones, so it’s easy to understand for both beginners and experienced traders.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage your risk properly.

📊 BTCUSDT – Daily Timeframe Analysis

On the daily timeframe, Bitcoin is moving inside an ascending channel, showing a controlled bullish structure after the previous correction.

Price has respected the lower trendline multiple times, confirming strong buying interest.

The highlighted yellow area represents a consolidation / accumulation zone.

The 45 Moving Average (45 MA) is acting as dynamic resistance, and price is currently reacting around this level.

Key Daily Levels

#Strong Support: 88,000 – 86,000 USDT

#Major Support Zone: 75,000 – 78,000 USDT

#Immediate Resistance: 98,000 – 102,000 USDT

As long as price holds above the ascending channel support, the daily structure remains bullish.

A clean break below the channel could lead to a deeper pullback toward lower demand zones.

📈 BTCUSDT – Weekly Timeframe Analysis

On the weekly timeframe, Bitcoin is still respecting a long-term rising channel, which confirms that the macro trend is bullish.

The 100 Moving Average (100 MA) is acting as a strong long-term support.

Price has reacted positively from this level multiple times, showing institutional buying interest.

Green zones highlight high-demand areas, while red zones mark major supply / distribution zones.

🫴Key Weekly Levels

#Macro Support: 70,000 – 72,000 USDT

#Current Holding Zone: 88,000 – 92,000 USDT

#Major Resistance Zone: 110,000 – 126,000 USDT

#Long-Term Target: 150,000+ USDT (only if the bullish structure remains intact)

A strong weekly close above 90,000 USDT would strengthen the case for a continuation toward higher resistance levels.

💬 Share your thoughts below
Are you bullish from this level, or waiting for confirmation?🤔