
The BTC CME Bitcoin Futures weekly chart shows a market in transition. Price action is volatile with large bars and fast momentum, indicating heightened activity and possible liquidation or aggressive repositioning. Short- and intermediate-term Fib grid trends (WSFG, MSFG) remain upward, with price above their respective NTZ/F0% levels, but the swing pivot structure has shifted to a downtrend in both short- and intermediate-term views, confirmed by the most recent pivot low at 80,065 and a lower high resistance at 128,155. Weekly benchmarks (5, 10, 20, 55 week MAs) are all trending down, reinforcing the bearish tone in the short and intermediate term, while the 100 and 200 week MAs remain in uptrends, suggesting longer-term structural support is still intact. The yearly Fib grid (YSFG) trend is down, with price below the yearly NTZ, highlighting a loss of long-term momentum. Recent trade signals have triggered new long entries, but these are counter to the prevailing short- and intermediate-term downtrends, suggesting a possible attempt at a relief rally or bounce from support. Key support is at 80,065, with major resistance at 128,155. The overall environment is choppy and corrective, with the market testing lower supports after a significant run-up, and the potential for further volatility as it seeks direction into year-end.