Spot structure: After breaking below the 200-day moving average (around 73,093) on CPI night, the price quickly reclaimed it. Last night, a second dip to 72,695–73,113 found support, followed by a rebound to around 74,350—the 200DMA is shifting from “support” to a “battleground.” The overall daily technical picture is bearish (UseTheBitcoin indicators: 32 bearish / 10 neutral / 8 bullish; 14D RSI at 35, not oversold; 50DMA at 80,910, well above). On-chain cost benchmarks: STH cost basis around 75,700, the 50-week moving average around 75,560, and Strategy’s average price at 75,455—75,400–75,700 is a shared cost-basis resistance zone for institutions and short-term holders, where a rebound is likely to meet resistance. #BTC走势分析