BTC's Pullback Doesn't Invalidate Bullish Structure, Trader Says
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are experiencing a correction after their recent price surge, but according to experienced trader DonAlt, this pullback does not necessarily invalidate the bullish market structure.
DonAlt pointed out that BTC's weekly chart has barely deteriorated following its strongest upside impulse. He argued that traders calling for an immediate return toward $70,000 to $72,000 may be overlooking the importance of momentum. DonAlt expects Bitcoin to move 'sideways slash up' unless reclaimed support breaks.
According to DonAlt, a deeper pullback could lead to prolonged consolidation. The $75,000 to $76,000 region represents Bitcoin's first significant test, and a monthly close below roughly $73,000 would be a more significant warning that the rally was simply a bounce into resistance.