Just reviewed that Bitcoin technical analysis from earlier this year and it's worth revisiting where we are now. Back in February, BTC had pulled back hard to around 74,555 before bouncing back up to test 79,300 that same day. The setup was pretty interesting from a technical standpoint.
So here's what was being watched at that time. Bitcoin was trading below the M-top neckline, which meant two possible scenarios were on the table. The bullish case required price to hold above 78,000 for a few days and then break through 80,000 - that would've pointed toward the 82,000-85,000 range. The bearish scenario was if it dropped below 75,700, which could've triggered a breakdown toward 72,000-70,000-68,000.
The technical signals were pretty clear cut. On the 15-minute chart, traders were watching for continuous bullish candles above 78,500 with volume confirmation as a bullish signal. Meanwhile, if the 4-hour closed below 77,500 or formed a bearish engulfing pattern, that was the warning sign. The 21-day EMA had settled around 79,500 as dynamic resistance, and 75,000 was the key support level to monitor on the daily.
In terms of actual trading strategy during that period, the short-term play was pretty straightforward. Long entries worked if price stabilized at 78,000 with those bullish 15-minute candles and volume - stop at 75,700, targets at 80,600 and 82,000. For shorts, you'd wait for a break below 77,700 or that bearish engulfing pattern on the 4-hour, stop at 79,000, targets toward 76,000-75,000-72,000.
The medium to long-term bitcoin technical analysis suggested something more interesting though. An aggressive long setup would trigger on a daily close above 80,000 with bullish follow-through - same stop at 75,700 but target way higher at 95,000. The conservative approach was actually more aggressive on entry - waiting for a break below 74,500 on the daily, taking a wide stop at 60,000, but holding for that same 95,000 target.
Here's the thing that stood out - the analysis made a pretty bold call that by 2026, Bitcoin would definitely rebound to at least 92,000-95,000 or even touch 100,000. But the real money move? That was supposed to be below 72,000, where you could accumulate and hold indefinitely. Anything above that was more for swing trading. The whole framework was basically saying shorts were just risk management for protecting your long position entry.
Position management was kept simple - never risk more than 10% of total capital on any single trade, and always use hard stops. No exceptions.
Looking at where we are now in May 2026, Bitcoin's been trading around 78,790 recently with that 78,000 level still acting as key support. The technical framework from February still holds up pretty well for understanding the current price action. Whether we're setting up for that push toward the 80,000-82,000 range or testing lower support is still the main question. Either way, the discipline around position sizing and risk management remains the most important part of any strategy.