Analyst: Bitcoin will enter a period of adjustment after breaking new highs

According to the Army Duck on X, this week, Bitcoin's weekly chart showed strong momentum, recording a big bullish candlestick with an amplitude of over 20%, and trading volume increased by 60% compared to last week, showing a clear buying advantage. Currently, the MA30 on the weekly line maintains an upward trend and MACD indicator strengthens above zero axis, indicating that the upward momentum is continuously strengthening.

This week's price breakthrough symbolizes the beginning of Bitcoin's new journey. The historically trapped range has been completely released. At present, there is almost no significant selling pressure in the market. The future price direction will mainly depend on market capital intentions. Although large increases are often followed by adjustments, this round of adjustment is expected to progress gradually in small bearish or bullish candles form to accumulate strength for next surge.

In long term view, Bitcoin’s price is expected to continue probing higher; $100k isn't peak for this bull market cycle. In this process investors should avoid predicting top too early but enjoy opportunities brought about by it instead. Daily level shows that bitcoin continues recording volume increase; today’s trading volume was four times yesterday’s which may lead short-term chasing high phenomenon requiring attention towards upcoming adjustment.

In short term view Bitcoin might have slight pullback but won’t experience massive drop-off current key support levels lie between $73k-$77k while resistance lies between $81k-$83k On hourly chart we observed after rebounding from one-hour MA30 divergence appeared at top Short-term traders can seek going long opportunity at $78K and go short around $81K

Moreover worth noting flow of funds into bitcoin ETFs within US stock market as it’ll impact bitcoin’s short-term pricing trends From liquidation heat map if prices keep rising then large amount shorts within range of $81700 -82800 could become focus for liquidation If prices adjust then large amount longs within area from $78450 to $77450 will provide necessary support.