The bullish structure has not been broken yet, and normally it would require a pullback to do an OB (order block) and then consolidate before continuing to break new highs. I still hold the same view that BTC has a very high probability of breaking 80k and even reaching 82k.



However, I would not take a long position at the 78,000 level. I cannot risk getting trapped and forcing a long at this point, as once trapped, it’s unlikely to be resolved easily. Bitcoin must close below around 74,500 in real terms for this upward bullish momentum to be considered over; otherwise, it will continue on the bullish route. If you want to speculate, you might consider going long around 76,500.
BTC-0.91%
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