Bitcoin's price retreated yesterday, then continued to gradually rise in small increments during the early morning, but the upward momentum was not sustained and instead slightly pulled back.

Earlier I mentioned "Northbound has no end, Southbound is already dusk," don't be fooled by the current bearish strength. In fact, it's just an appearance; from the four-hour chart, the lows of each retracement wave are continuously moving higher. And after each decline, there is a rebound that creates new highs. It’s clear that the main trend now is to look for bullish signals on the pullback.

Therefore, consider a phased bullish approach in the 74,700-74,300 region during the retracement, with targets near the 77,000 level.