Bitcoin is currently perched on a very critical weekly support level. Looking at the RSI indicator, divergence signals are brewing — this means the downward momentum is weakening, much like a runner nearing the finish line and beginning to gasp for air. The candlestick pattern has also squeezed into a tight range; simply put, everyone is watching and the selling pressure seems to be running out of steam.

If buying interest steps in, there’s actually quite a bit of room for an upward move. On the chart, I see two relatively ideal target levels, one around 104,000 and another around 123,000, which align with the previous weekly structure — this is the optimistic scenario.

But the risks must also be clearly stated. There is a very strong support line below; if the price forcefully breaks through it, the entire bullish setup will collapse. At that point, we’ll need to discuss a deeper correction.

Honestly, this stage is really a test of patience. Hidden divergence is not a guarantee, it’s just a signal indicating that the speed of the price decline is slower than the weakening of the momentum itself — it’s a sign, but not a conclusion. How this weekly candle closes will determine the next chapter: whether it continues upward after a pause, or if this is the last calm before a decline. We need to keep a close eye.