Bitcoin has finally reached the top of the descending flag channel near the 75000 resistance zone after experiencing a small upward consolidation. This is an important resistance level we've mentioned several times before. As expected, the push higher encountered resistance, and currently a small upper wick has been left behind. [As shown in Figure 1]

From the 4-hour timeframe, we can see that after pushing higher and pulling back, the divergence is already quite evident, and the price action shows a need for pullback and consolidation.

However, is this the end of this round of rebound? We need to focus our attention on whether the daily close can hold above the 75000 key level. If it can break above and hold steady, the market will likely move toward 80000. If the price continues to trade below 75000, the risk of a local top will increase significantly.

Therefore, we need to pay attention to the support strength at 73000. If this level is effectively broken during a decline, the probability of this rebound ending will be very high! [As shown in Figure 2]