【BTC】

First, the entire 4-hour rebound extension is most likely to have ended last week with 78k as the high point. Over the weekend, with lower liquidity, a 1-hour pullback occurred, and it again tested the previous horizontal support;

As of now, the gains have been almost completely retraced. Previously, it was mentioned that the 73-74k range is an important support point for the main force, and after touching this price, a certain degree of upward movement may occur. Only when it breaks below can the trend be confirmed as bearish, as well as the official start of the 4-hour 📉.

Based on this situation, the area around 76-77 is a strong resistance at 0.618, and also the potential high point of the right shoulder, coinciding with the channel's central axis resistance;
Therefore, for the subsequent bears, it is crucial to observe whether this becomes a new supply zone. Once the head and shoulders pattern is confirmed, there is at least about 5,000 points of space below.
The main strategy remains to participate in the decline after the above area, following the secondary high. Long positions can only serve as an auxiliary, and once it moves up, continue to hammer!