BTCUSDT: Signals a 2-Week Retest—Trend Still Alive

BTC’s been wild, but zoom out to the 2-week chart— we’ve got a solid uptrend with higher highs and lows. Last week’s dip isn’t a reversal—it’s a retest of the 50-day EMA (around $64.8k as of March 10, 2025). Volume’s thinning, RSI’s looks oversold. Indicators flashed a ‘hold’ here—no sell signal yet, which tells me the trend’s got legs or at least a bounce.

Bullish Case: If BTC holds the retested level (e.g., a prior resistance-turned-support), it could resume upward momentum. A two-week stabilization suggests accumulation, and a break above the recent high could target the next psychological level (e.g., $90,000).

Bearish Risk: If the retest fails—price breaks below the key level with high volume—it could signal a deeper correction, potentially revisiting lower supports (e.g., $70,000 or $60,000). A two-week trend turning into a failed retest might indicate profit-taking or macroeconomic pressure with all the news.

It's worth just taking a zoomed out look, no panic just yet and let it play out a little more.