Technical analysis by The_Alchemist_Trader_ about Symbol BTC: Buy recommendation (11 hour ago)

Bitcoin’s weekly candle has set a bearish tone after breaking through last Monday’s swing low. This shift signals that short-term market structure has changed from higher-lows to a more bearish pattern, suggesting corrective pressure may dominate in the coming sessions. Key Technical Points: - Bearish Weekly Candle: Engulfing structure broke last week’s swing low. - VWAP Support Critical: Losing VWAP opens risk of $112,500 correction. - ABC Structure: Current move resembles an Elliott Wave ABC correction. Bitcoin’s short-term structure has shifted, with higher-low projections now invalidated. The bearish engulfing weekly candle points to weakness, though lower time-frame bounces remain possible. VWAP currently serves as the line in the sand; a reclaim could stabilize price, while a breakdown would likely extend correction to $112,500. The pattern resembles an ABC corrective structure following a prior Elliott Wave impulse. If confirmed, further retracements could occur before Bitcoin resumes broader bullish trends. What to Expect Expect near-term bounces, but risks lean bearish unless VWAP is reclaimed. Loss of support would accelerate correction toward $112,500.