#BTC

The recent movement of BTC is actually quite straightforward.
The price has been steadily above $76,000, which is very important. Normally, in a weak market, a breakout would easily be pulled back, but now it’s staying above, indicating that the bulls are not in a hurry to exit, and are more waiting for a higher entry point.
From a structural perspective, the moving averages are trending upward, and the RSI is in the strong zone. This combination generally does not indicate a top pattern, but rather a consolidation within a continuing trend.
I personally will focus on the $80,000 level. Once it is effectively broken and stabilized, it can be confirmed that funds are continuing to push higher, and the upside space will open up. $84,000 is a relatively smooth target.
Conversely, if one day the price is pushed back below the 20-day moving average, then caution is needed. Such a breakdown usually means the short-term rhythm is disrupted, and it may retrace to around the 50-day moving average at $71,962 to find support again.
So, the current approach is actually not complicated:
From a bullish perspective, just wait for a breakout above $80,000 to follow the trend;
If it falls below the moving average, then take a step back and wait for the market to give a new direction.