$BTC This wave directly broke the 78,000 level. The intraday high touched 78,443, while the low pulled back to 75,975. In the past 24 hours, it rose 2.46%, with trading volume of $11.5 billion. In terms of formation, this is a bullish candle with volume on the breakout—reclaiming the short-term moving averages. It fits a typical structure of “pullback confirmation followed by a second push.” There are two key levels to watch: above, 78,443 is today’s resistance. Once it breaks out with volume and holds firm, the next target is the 80,000 psychological level. Below, 75,975 is today’s support. As long as it doesn’t break, the short-term bullish structure remains intact.
The $11.5 billion turnover isn’t an explosive volume, but combined with the size of the gain, it suggests a steady inflow of capital—no obvious signs of “pump-and-dump” distribution. BTC’s current position is quite delicate. On one hand, the tech stocks rebounded in the U.S. and oil prices pulled back, which has improved risk appetite—this is a tailwind for crypto. On the other hand, the market is still worried about when the bear market will arrive, and that sentiment tends to suppress the willingness to chase. So, in the short term, BTC will most likely consolidate with a bullish bias, rather than rally in a one-way surge.
My view: bullish in the short term, but don’t chase aggressively. You can watch for the strength of support in the 76,000–76,500 pullback zone. Only once it holds above 78,443 can it be considered truly opening upside space. If it breaks below 75,975 and volume expands, then it’s time to shift to defense. One thing worth observing is whether BTC can hold above 78,000 for more than three days. If it holds, that becomes the starting point for the next round of attacks; if it doesn’t, it’s a false breakout. Do you agree?
The $11.5 billion turnover isn’t an explosive volume, but combined with the size of the gain, it suggests a steady inflow of capital—no obvious signs of “pump-and-dump” distribution. BTC’s current position is quite delicate. On one hand, the tech stocks rebounded in the U.S. and oil prices pulled back, which has improved risk appetite—this is a tailwind for crypto. On the other hand, the market is still worried about when the bear market will arrive, and that sentiment tends to suppress the willingness to chase. So, in the short term, BTC will most likely consolidate with a bullish bias, rather than rally in a one-way surge.
My view: bullish in the short term, but don’t chase aggressively. You can watch for the strength of support in the 76,000–76,500 pullback zone. Only once it holds above 78,443 can it be considered truly opening upside space. If it breaks below 75,975 and volume expands, then it’s time to shift to defense. One thing worth observing is whether BTC can hold above 78,000 for more than three days. If it holds, that becomes the starting point for the next round of attacks; if it doesn’t, it’s a false breakout. Do you agree?
