Friday Morning Latest Ideas

Overnight market movements basically ran according to expectations. Last night, it was suggested that if the price retraces to around 70000 and then stabilizes, there could be another rebound toward around 72500; the actual price action also delivered as expected. As the price stabilizes and rebounds, market sentiment heats up rapidly, and bullish momentum clearly strengthens. After a brief pullback to gather strength, prices pushed up again, briefly topping out at the 73100 area before facing selling pressure and pulling back; it is currently consolidating around 71700.

From the four-hour structure perspective, BTC is moving steadily upward overall, leaning on the middle band, with a relatively strong rhythm. After breaking above the upper band, there was a brief correction, but it quickly continued higher; the price once rose above the 73000 level. For the short term, bulls are in a favorable position. However, what needs to be watched is that after a continuous surge, sell pressure at high levels is gradually becoming evident. At this point, chasing longs no longer offers a good risk-reward value.

In terms of the trading approach, the current preference is to test for a pullback from high levels:
Watch the 72500—73000 range; place short orders in batches on rebounds, and time entries according to pressure signals
Initial target first looks at around 71000; if it effectively breaks below, further downside space is likely to open up$BTC ‌#Gate上线Pre-IPOs