Technical analysis by BKVIP about Symbol BTC on 3 hour ago

Bitcoin remains capped under a long-term weekly descending resistance, a diagonal that has consistently rejected price during the broader corrective phase. Each interaction with this level has resulted in continuation lower, confirming it as a key higher-timeframe supply zone rather than a simple intraday trend line. The current structure shows price compressing between this weekly diagonal resistance and a well-defined demand zone below. Buyers have repeatedly defended the same lower range, absorbing sell pressure and preventing continuation lower, while sellers continue to cap upside at the diagonal. This creates a classic compression and energy build-up scenario. Notably, the reaction from demand has been clean and impulsive, but upside follow-through weakens as price approaches the weekly resistance. This behavior suggests positioning and liquidity battles rather than conviction-driven trend continuation. A decisive resolution will require either acceptance above the weekly diagonal or a failure to hold the defended demand area. Until resolution occurs, Bitcoin remains in a high-friction zone where patience and confirmation matter more than anticipation. Weekly structure leads. Lower timeframes react. Structure defines risk. Liquidity defines outcome.