Bitcoin has broken through $74,000. I believe this pullback won't have much room to the downside.

From the weekly chart perspective, last week's weekly formation is very healthy. There should be at least another two weeks of rally cycle. The ultimate target for this round is around $85,000.

Currently, $74,000 is only suitable for light short positions.
Watch the support around $72,300 on pullbacks. As long as it doesn't break below, the trend continues to point toward a rally.
Rally targets and resistance: $75,600–$79,000.

Only an effective break below $72,300 would signal that the bullish trend is truly weakening.
For long traders buying on strength, place stop losses at $72,000.
If that level breaks, watch $71,000–$70,000 below. If there's a wick down to that zone, you can take long positions again.$BTC