As U.S. cash markets opened, risk appetite returned, and BTC followed, surging from around 78.3k to break above 80k. Binance BTCUSDT perpetuals are now around 80,460, with a 15-minute uptrend; the low for the day was around 77,970 and the recent high around 80,500—this move has been backed by real volume.
I’m moderately bullish on a pullback, with medium-to-high confidence. After just breaking a round-number level, it’s better to wait for a pullback to enter rather than chase near the recent high. With a small position, consider going long if price stabilizes around 79,600, with a stop below 79,280. The first target is 80,800, then 81,200 if it breaks through. If price holds above 79,600 on a pullback and volume picks up again as it breaks above 80,500, you could add a little to the long. If it falls below 79,280, reduce the position and wait for the market structure to develop further. Keep position size moderate.
I’m moderately bullish on a pullback, with medium-to-high confidence. After just breaking a round-number level, it’s better to wait for a pullback to enter rather than chase near the recent high. With a small position, consider going long if price stabilizes around 79,600, with a stop below 79,280. The first target is 80,800, then 81,200 if it breaks through. If price holds above 79,600 on a pullback and volume picks up again as it breaks above 80,500, you could add a little to the long. If it falls below 79,280, reduce the position and wait for the market structure to develop further. Keep position size moderate.
