Bitcoin dipped right after a bullish momentum signal fired, but the pullback is normal and the medium-term setup still points higher — good news for patient buyers.

• The dip matches what has happened after this signal more than 200 times before: a small drop within the first few days.
• A slightly deeper slide is possible over the next week or so, but a drop under $77,000 is less likely than not.
• Even when the signal briefly reverses, Bitcoin has still gained about 24% over the following three months on average, pointing toward roughly $100,000 by early December.
• September itself looks quiet — a small gain, not a big move in either direction.
• The Fed meeting and quad witching in mid-September are the events most likely to shake prices loose.

Outlook: Expect a slow, range-bound September with the low likely already in, and more action from October onward.

## Bitcoin Levels

• **Bias:** Bullish, especially while Bitcoin holds above $70,000.
• **Buy / accumulate:** Pullback zone around $77,000–$77,500 (rising 55 EMA), with $78,650–$78,830 already tagged.
• **Support:** $77,000; $74,500 as the deeper line in the sand; $70,000 major floor.
• **Resistance:** $80,600 (the level that confirmed the signal).
• **Targets:** ~$84,000 within a month; ~$101,000 within three months (early December).
• **Invalidation:** A weekly close below $74,500; below $70,000 breaks the bullish case entirely.