Usman Salis
⬤ Bitcoin pushed toward $71,000 before sliding back during weekend sessions. This kind of choppy action is standard when liquidity dries up — prices tend to swing without much conviction. The bounce zone marked on the chart shows where BTC tried to hold support before losing steam.
⬤ This looks more like a correction than any kind of trend reversal. After the bounce attempt, Bitcoin drifted lower again, consistent with a temporary pullback. The expectation is that a higher low could form here before the next leg up begins.
⬤ Near-term focus is on a potential recovery toward the CME gap once this pullback runs its course. Today's session appears to be absorbing selling pressure, with momentum possibly returning tomorrow as liquidity improves.
⬤ If the higher-low pattern holds, Bitcoin could resume its climb next week with $75,000 as the next target. That would signal continuation rather than breakdown, keeping the broader uptrend intact.
Usman Salis
