Yesterday when I joined Space with Brother Wang and 77, my judgment was very clear:
After BTC violently rallies upward, it won’t keep going in a straight line forever. $75,000—76,000 is the first pullback area that needs close attention. As long as this range can hold, it’s more like liquidations and leverage being flushed out—not the end of the trend.
Today’s chart happened to play out this scenario.
BTC quickly pierced down from near $79,000 to $75,560, and I also added a small position around $75,500. Afterwards, the price reclaimed above $77,000, and the short-term follow-through is currently still acceptable.
This time, it isn’t a blind bottom-fishing entry.
U.S. spot BTC ETFs have seen net inflows for 5 consecutive trading days, totaling about $1.92 billion for the week. During the pullback, BTC’s open interest also fell by about 3.69%, which is essentially washing out part of the leverage that was chasing the top earlier.
Next, I’m mainly watching a few levels:
- Hold $75,500, and there should be another opportunity to retest $79,000—$80,000;
- Once it effectively holds above $79,500, then look at $82,000—$84,000;
- If the 4-hour timeframe breaks below $75,500, then be cautious about a pullback to $73,500—$74,500.
My current mindset is still spot-focused: don’t chase when there’s a continuous surge. Identify levels in advance, and then act when the market drops.
Getting the buy point right doesn’t mean there won’t be volatility later—the position size and risk still need to be controlled by yourself.
After BTC violently rallies upward, it won’t keep going in a straight line forever. $75,000—76,000 is the first pullback area that needs close attention. As long as this range can hold, it’s more like liquidations and leverage being flushed out—not the end of the trend.
Today’s chart happened to play out this scenario.
BTC quickly pierced down from near $79,000 to $75,560, and I also added a small position around $75,500. Afterwards, the price reclaimed above $77,000, and the short-term follow-through is currently still acceptable.
This time, it isn’t a blind bottom-fishing entry.
U.S. spot BTC ETFs have seen net inflows for 5 consecutive trading days, totaling about $1.92 billion for the week. During the pullback, BTC’s open interest also fell by about 3.69%, which is essentially washing out part of the leverage that was chasing the top earlier.
Next, I’m mainly watching a few levels:
- Hold $75,500, and there should be another opportunity to retest $79,000—$80,000;
- Once it effectively holds above $79,500, then look at $82,000—$84,000;
- If the 4-hour timeframe breaks below $75,500, then be cautious about a pullback to $73,500—$74,500.
My current mindset is still spot-focused: don’t chase when there’s a continuous surge. Identify levels in advance, and then act when the market drops.
Getting the buy point right doesn’t mean there won’t be volatility later—the position size and risk still need to be controlled by yourself.
