Bitcoin is taking a breather after a strong run, and the pullback so far looks healthy rather than dangerous — mildly good news for buyers waiting on a dip.

• Over-leveraged bets on higher prices were wiped out near $77K, clearing the last big pocket of downside pressure.
• The bigger picture still looks bullish, with a long-term buy signal like the one that ended the 2022 bear market.
• Short-term charts are overheated, so a few more days of sideways or slightly weaker prices are likely.
• A cluster of bets against Bitcoin sits just under $79.5K, and pushing through would likely force those traders to buy back in.
• Ethereum, XRP, Solana and Chainlink are all cooling off too, each testing former ceilings that should now act as floors.

Outlook: Expect choppy, drifting prices for the next few days before a possible push back toward the high $70Ks.

## Bitcoin Levels

• **Bias:** Bullish longer term, cautious and cooling in the short term
• **Buy / accumulate:** $73,000–$75,000 key support zone; minor support $76,100–$77,000
• **Support:** $73,000–$75,000 (key); smaller liquidity pockets at $76K and $75K
• **Resistance:** $80,000–$82,000; prior high at $82,500
• **Targets:** $79,400–$79,600 short-squeeze zone as the next upside target; breakout above $82,500 confirms the bullish structure
• **Invalidation:** A sustained break below $73,000 would break the current bullish setup