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Bitcoin is currently consolidating in a tight range around 79,800, with the range being 78,500–81,500. Next week, the key focus is whether it can hold above 80,500 or 81,000: if there is a volume-backed breakout, it may rebound to 83,500. Support levels: 78,500 is short-term support, and 78,000 is strong cyclical support. In recent days, multiple pullbacks have not broken below, showing that buy-side interest is strong.
From a long-term perspective, as long as the strong cyclical support at 78,000 holds and is not broken, the logic for the upward move remains intact. In terms of trading, on the long side, you can use 78,000 as the dividing line between bulls and bears and position on dips; for the short term, wait for a clear breakout above 81,000 accompanied by a volume-increasing bullish candle signal before following up.
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