#BTC

Bitcoin is currently trading around $77,425, and my view is that the market remains bullish, but BTC is entering a zone where a short-term pullback would not be surprising. Bitcoin has gained roughly 23% in one week and recently reached around $79,455, its highest level since May. The rally has been supported by strong spot demand, ETF inflows, short covering and improving liquidity expectations.

The important question now is: WILL BTC CONTINUE UP OR PULL BACK? In my opinion, both are possible, but the bullish scenario currently has a slight advantage as long as BTC holds above $75,000–$76,000. After such a powerful rally, however, a correction toward $75,000, $73,500 or even $71,500 would be healthy rather than automatically bearish. The key is whether buyers step back in at support.

BTC is now approaching the major $79,000–$80,000 resistance zone. This is the biggest immediate test. If Bitcoin breaks $80,000 with strong volume and maintains a daily close above it, momentum could accelerate toward $82,500, $85,000 and potentially $88,000. The recent high near $79,455 makes $80,000 an obvious psychological battlefield.

MY FORECAST:

Base case is a test of $79,000–$80,000. A confirmed breakout above $80,000 would make $82,500–$85,000 my next upside zone. If momentum remains extremely strong, $88,000–$90,000 becomes possible. On the other hand, rejection around $79,000–$80,000 could produce a pullback before another attempt.
KEY SUPPORT: $76,000, $74,500, $72,500 and $70,000.

KEY RESISTANCE:

$79,000, $80,000, $82,500 and $85,000.

TRADING STRATEGY:

At $77,425, I would not put the full position into BTC. My preferred plan is to scale in during controlled pullbacks around $75,500–$76,500 and $72,500–$74,000. Another opportunity comes if BTC breaks $80,000 and successfully retests that level as support. Chasing a vertical candle carries higher risk after a 23% weekly rally.

STOP-LOSS PLAN:

SL1 $74,500 for an aggressive setup, SL2 $71,500 for a wider swing setup, SL3 $68,500 for a deeper-risk structure.

TAKE-PROFIT PLAN:

TP1 $80,000, TP2 $82,500, TP3 $85,000–$88,000.

MY FINAL OPINION:

I am bullish, but I would expect volatility. BTC can still push toward $80K first, yet a temporary pullback would be completely normal after such a fast rally. Above $80K, I become significantly more bullish; below $74,500, I become cautious; and below $70K, the short-term bullish structure would need serious reassessment.

For me, the best strategy is NOT FOMO. Let BTC either confirm the $80K breakout or give a controlled pullback and then look for the next entry. The latest rally has real catalysts behind it, including ETF demand, short covering and improving liquidity expectations, but those same factors can also create sharp volatility.

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