Si Crypto Researcher

As I’ve been saying in my recent updates, I'm bullish on Bitcoin, and the latest market reaction has made me even more interested in the current price action.

Let's look at what just happened. The Binance security incident was a major shock for the entire crypto market. Considering the scale of the news and the panic it created, Bitcoin could have faced a much deeper correction. Instead, BTC has only pulled back by around $5K-$6K from the recent levels and is still trading near $78K.

That tells me something important: buyers are absorbing a lot of the selling pressure. It doesn't mean nobody is selling, but despite major negative news, the market has shown considerable resilience.

Before this move, I shared the liquidity levels around $76K-$78K. A significant amount of leveraged long positions were sitting in that area, and the recent liquidation event reportedly wiped out around $1.5 billion in positions. Much of that liquidity has now been cleared. This is why I see the move as a possible leverage shakeout rather than confirmation that the larger bullish structure is over.

Now let's look at the chart.

The weekly chart shows Bitcoin trading inside a major accumulation range. The green line around $74,158 is an important support level. As long as BTC holds this area, I remain highly bullish.

My buying strategy is simple:

- Around $80K: I have already been buying spot.
- $75K: I'm prepared to accumulate more.
- $70K: This is the lower end of my planned buying zone.

If Bitcoin loses the $74K-$75K support, we could see another move toward $70K. If broader market conditions deteriorate further, that possibility becomes even more relevant. I'm prepared for that scenario rather than pretending it cannot happen.

But if Bitcoin continues holding support and eventually breaks above the accumulation range, I believe the next major bullish move could begin. The projected path on my chart shows the possibility of a recovery toward much higher levels, although price must confirm that breakout first.

I want to remind you of something about market psychology. When Bitcoin was trading around $15K-$16K during the previous cycle, fear was everywhere. People were expecting $10K, and negative news kept coming. Yet Bitcoin eventually recovered. We have seen similar behaviour at other major turning points.

This is why understanding market psychology matters. When the news is extremely negative but price refuses to collapse, it is worth paying attention. It can indicate that selling pressure is being absorbed. Of course, sentiment alone is not a trading signal. Support, price action and market structure still matter.

Earlier, I shared my short strategy with you. Now I'm sharing how I'm approaching the long side. I'm holding my long positions, continuing to accumulate spot, and following the $80K-$70K plan.

My view remains bullish as long as the key support holds. I'm not chasing the market, and I'm not waiting for perfect conditions. I'm accumulating gradually and managing the downside risk.

This is my current BTC strategy. Watch the $74K-$75K support closely. It is an important area for the next move.