Intraday Bitcoin rebounded after bottoming out at 74909, rising to 77139 before pulling back slightly. The current price is consolidating around 77000.
From the current market structure: on the daily timeframe, price is still in the recovery phase after the sharp decline, and the overall downward main structure has not been broken. The Bollinger upper band continues to exert downward pressure. Although bearish momentum is still shrinking, no bullish reversal signal has formed. On the 4-hour timeframe, price rebounded from the lows and met resistance near the Bollinger upper band before pulling back. Short-term rebound momentum has slowed, the upper resistance zone is clear, and rebound room is limited. On the hourly timeframe, price previously saw a continuous rebound and then formed a pressure K-line after rising. Bullish momentum has weakened, and the 77100 area above is strong short-term resistance. Even if price rebounds to that area, the preferred strategy remains to short on rallies.
Overall market view: a post-decline rebound and recovery, with the larger timeframe trend still relatively weak. The main strategy is to short on rebounds.
Trading reference: Short Bitcoin near 77100-77600 on a rebound, targeting 75900-75200. If 75000 is broken, continue to follow the trend and look down toward 74300#比特币突破77000美元 $BTC
From the current market structure: on the daily timeframe, price is still in the recovery phase after the sharp decline, and the overall downward main structure has not been broken. The Bollinger upper band continues to exert downward pressure. Although bearish momentum is still shrinking, no bullish reversal signal has formed. On the 4-hour timeframe, price rebounded from the lows and met resistance near the Bollinger upper band before pulling back. Short-term rebound momentum has slowed, the upper resistance zone is clear, and rebound room is limited. On the hourly timeframe, price previously saw a continuous rebound and then formed a pressure K-line after rising. Bullish momentum has weakened, and the 77100 area above is strong short-term resistance. Even if price rebounds to that area, the preferred strategy remains to short on rallies.
Overall market view: a post-decline rebound and recovery, with the larger timeframe trend still relatively weak. The main strategy is to short on rebounds.
Trading reference: Short Bitcoin near 77100-77600 on a rebound, targeting 75900-75200. If 75000 is broken, continue to follow the trend and look down toward 74300#比特币突破77000美元 $BTC
