Bitcoin has tested the 74,400 resistance level twice and was met with resistance, pulling back. Currently, the retracement remains limited. Tonight, focus on the 72,300 support level; as long as it is not effectively broken downward, the bullish structure remains intact, and there is still a chance for the market to rally again. The overhead resistance continues to be at 74,400—75,600.



Conservative short positions can be attempted in batches within the 75,600—77,000 range. If the bullish momentum weakens, an effective break below the 72,300 support is necessary first. The next downside targets are the 71,000—70,000 wick zone, at which point long positions can be re-entered. $BTC
BTC-4,28%
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