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$BTC Weekly Open: what the market structure and order book show before the week starts. Spoiler: I’m bullish short-term.

Let’s start with structure. Globally, BTC is still inside a bearish market structure. But locally, we are still correcting the move that started on May 6. Price found support around the 60,000 area, right inside the deviation zone. From there, BTC has already corrected to the 78.6% level of the previous wave. Now I expect the correction to continue toward the 61.8%–50% Fibonacci area, which gives me the 68,000–71,000 range.

Main idea: the order book confirms the short-term bullish scenario.
During the weekend, I saw a liquidity imbalance in favor of buyers. Sellers moved further away from price at deeper levels, while buyers stayed more stable near the current range.

Buyer volume is not extremely strong, so I’m not calling a full reversal here. But the current book gives price enough room to move higher toward the Fibonacci levels before the next bigger decision.

For me, the short-term bullish scenario stays valid while buyers continue holding the book and sellers fail to build serious limit pressure above price.

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