Bitcoin’s price dipped to around 74,700 in the early hours today, then rebounded and surged to around 77,200. The rebound momentum on the market gradually weakened, and resistance at the highs was clearly evident. The upward rebound structure met with resistance. The short-term bearish pullback trend has once again taken control of the market. Overall, the strategy is to treat the rebound under heavy resistance and mainly look for shorts at resistance, with deep pullbacks to key support levels as a secondary approach for low-buy entries.

There is clear suppression from multiple strong resistances above. The short-term bearish momentum is about to continue releasing. The sell-side pressure above is extremely strong, and the bullish rebound shows no continuation.

Trading Suggestions

Take a short position on the rebound around 77,100; the first target is to look back at 75,700. If it breaks, follow the move downward to 75,000-74,500. If the downtrend extends further, continue looking below 74,000.#GatePreIPOs首发SpaceX $BTC $ETH