BrotherHaoWatchesTheTrend

In the early morning, Bitcoin dipped to around 73,300 and found effective support, stabilizing after the decline. The relative price then initiated a new round of rebound. However, in terms of rebound strength, the bullish momentum is relatively limited. Currently, the price is entering a consolidation phase around 74,100, and the upward pace has slowed down.
From a structural perspective, 73,300 has formed a short-term key support level. The fact that the correction did not break the previous low indicates that the bulls are still in control of the momentum. Although the current upward force

Looking back at the morning market, Bitcoin repeatedly attempted to push up around the 78,500 level but was unable to break through effectively each time. After facing pressure and falling back, the current price comparison has further dipped to around 76,900, with the decline becoming clearly more pronounced. From a technical structure perspective, 78,500 has been confirmed as a strong short-term resistance area. The 4-hour chart shows a bearish arrangement with highs gradually decreasing and lows continuously moving lower, and the 77,600-77,800 support zone that had been verified multiple ti