The pullback in Bitcoin is not a reversal, but rather building momentum for the next wave up!
Last week, with strong non-farm payroll data, Bitcoin surged to 82,200 before pulling back and is now in the 79,000–78,000 support area.
Many people started to turn bearish as soon as they saw the pullback.
But my view is very clear:
As long as 78,000 holds, the pullback is an opportunity, not a reversal.
The weekly candle still closed bullish, with no damage to the overall structure. Continue to watch 85,000 on the upside.
So there’s no need to rush to chase now, and no need to turn bearish just because of one pullback.
Gradually accumulate around 78,000–78,500,
and look at 82,500–83,500 for medium to long-term targets.
The real risk to watch is the 82,500–83,500 area above.
If before the CPI is released, Bitcoin can surge again to around 82,800 or even break through 83,000, this is actually the area where you need to be cautious of a sharp pullback from the highs.
If it faces significant resistance at high levels, a deep retracement of 5,000–6,000 points cannot be ruled out.
So just focus on two levels going forward:
77,800 — long position support.
82,500–83,500 — major resistance area.
Watch for buying support below and pressure above.
If the trend isn’t broken, don’t exit too easily; the real opportunities often come during pullbacks.
