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This weekly close is the most important one in a very long time.
Right now, Bitcoin has closed above the 1D 100EMA and retested in, for the first time since the top.
Every time it has done this, after the 1W RSI has reached oversold, it has marked the bottom.
We are also above the very important level of $74,400, which HTF bullish structure and the 2025 low.
If we close above that, its bullish.
If we close above both that and the 100D EMA, even more so
If we close below $74,400 it will confirm weakness, a SFP, and it will be pretty bearish.
I'll be looking for local shorts at that stage and evaluating the next levels of interested support.
Keep it simple guys.