Over the next week, the real line in the sand for $BTC is not 66,000, but 70,000.

On the daily chart, the price rebounded from around 60,000 to 65,800, which shows there is indeed buying support below. But that does not mean the trend has already reversed. #OKX

BTC is still inside a descending channel.

The 68,800-70,000 area above is a confluence resistance zone: the upper edge of the channel, the retest area after the previous breakdown, and a major psychological round number.

If BTC cannot reclaim 70,000, all upside can only be defined as a repair bounce. Only a high-volume hold above 70,000 gives it the right to look toward 72,000-75,000.

From a macro perspective, BTC cannot be viewed separately from U.S. equities.

If Nasdaq, AI, and chip stocks remain under pressure, risk appetite will struggle to return to the crypto market. If U.S. Treasury yields and the dollar rebound, BTC’s valuation repair will also be capped.

The flow side also has no strong confirmation yet.

There are buyers around 60,000, but the market cannot push through 65,000-67,000, which means incremental upside demand is still insufficient.

For the next week, focus on three levels:

64,800: the short-term strength/weakness line. If BTC breaks below it and fails on the retest, the repair structure is invalidated.

68,800-70,000: the bull/bear line. Only a high-volume break and hold above this zone counts as a real turn stronger.

60,000-61,000: the previous-low defense zone. If this breaks, BTC returns to defensive mode.

This is not a good area to chase with heavy size. Either wait for a confirmed breakout above 70,000, or wait for a pullback to 63,000-64,800 with a stabilization structure. Trading is not about believing in a reversal ahead of time. It is about waiting for the market to prove the reversal.