BTC’s rebound has remained firmly capped around 77,200, and several attempts by bulls to push higher have lacked sufficient volume.
If 77,200 cannot be reclaimed on strong volume, a pullback will likely seek support below, around 72,000 or even lower. But keep the bigger picture in mind: a sharp short-term correction is just a deep squat and shakeout within a bull-market cycle. Once the shakeout is over, the ultimate target remains higher, toward new highs on the larger timeframe.
In the short term, manage the risk around 72K; over the long term, don’t be blindly pessimistic about the broader trend.
$BTC
If 77,200 cannot be reclaimed on strong volume, a pullback will likely seek support below, around 72,000 or even lower. But keep the bigger picture in mind: a sharp short-term correction is just a deep squat and shakeout within a bull-market cycle. Once the shakeout is over, the ultimate target remains higher, toward new highs on the larger timeframe.
In the short term, manage the risk around 72K; over the long term, don’t be blindly pessimistic about the broader trend.
$BTC