
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 trend exhaustion or reversal attempts. Short- and intermediate-term Fib grid trends (WSFG, MSFG) are both up, with price holding above their respective NTZ/F0% levels, but the yearly grid (YSFG) remains in a downtrend, with price below the long-term NTZ center, suggesting macro headwinds persist. Swing pivot analysis highlights a dominant downtrend in both short- and intermediate-term pivots, with the most recent evolution at a significant pivot low (81109) and the next key resistance at the previous high (128155). Resistance levels cluster above current price, while support is well below, indicating a wide trading range and potential for sharp moves in either direction. Benchmark moving averages show short- and intermediate-term MAs (5, 10, 20 week) trending down, while longer-term MAs (55, 100, 200 week) remain in uptrends, reflecting a market that has lost short-term momentum but retains underlying long-term support. Recent trade signals are mixed, with both long and short entries triggered in close succession, underscoring the choppy, indecisive nature of the current environment. Overall, the short- and intermediate-term outlooks are bearish, with price action and pivots confirming downside pressure. The long-term view is neutral, as price remains above key long-term moving averages but below the yearly NTZ, suggesting a consolidation phase within a broader uptrend. The market is likely to remain volatile, with potential for both sharp rallies and deep pullbacks as it tests major support and resistance levels.