Bitcoin ETF Weekly Chart: It is in a phase of breaking through the mid‑range consolidation zone formed over six months in 2024 and exploring upside room. $IBIT Given its trading volume, we use it as our observation proxy. Its price has now broken into the weekly consolidation zone from the Feb 6 session as well as the comparative six‑month consolidation range established back in 2024 mentioned above. Consolidation range: $33‑$41. Upside resistance sits at $50 (50% price‑level chip concentration plus weekly top neckline, and the target derived from the current consolidation base calculation). Barring external policy shocks, alongside market expectations of no further Fed rate hikes or even QE, reaching this level is plausible. Otherwise, a fallback back into the $33‑$42 consolidation band becomes more probable. On the 120‑minute timeframe, the consolidation zone for the current gap‑up bullish candle stands at $41‑$44. Next week’s opening needs another gap‑up move to form a weekly gap and break free from this 120‑minute consolidation. If achieved, $50 becomes the first target level. Only afterwards can a new weekly consolidation zone potentially form between $50 and $55. At this weekend’s closed‑door meeting, we will discuss its correlation with gold, which we are currently trading with high priority, alongside relevant strategies. For those interested, please follow: https://xingqiao‑ Disclaimer: This content is for informational purposes only and does not constitute investment advice.