Epic trap and sudden plunge! After violent stabbing, Bitcoin sharply drops—signs of a breakout or main force distribution?

Not to mention the distant. First, congratulations to our family members who bought the dip at point 2! Bitcoin hit 7144 points! Up 10.87%, currently reaching TP3, TP4 at 79,400!
Everyone should set short-term trades to preserve capital. Hold on for medium to long-term!!!
Looking at tonight’s market, it’s simply a textbook-level double-hunter meat grinder. The current price around 71,000 is wildly oscillating, so we won’t waste words—let’s get straight to the most hardcore market analysis! This report is directly synchronized across the entire network. Brothers, pay close attention—tonight’s turning point is right here!
Latest in-depth review of the situation (directly targeting the main force’s hidden cards):
15-minute “Heaven and Earth Needle” trap and trap: Brothers, keep a close eye on this 15-minute chart! Just now, Bitcoin suddenly gained strength, with a large bullish candle shooting straight up, reaching a high of around 72,876. But what’s bloody is that the main force didn’t give the bulls any breathing room for a breakout, immediately countered with a huge bearish candle, sharply pushing the price back to the starting point of the rally around 71,000. This classic “painting door” pattern has a very clear purpose: precisely wipe out the short stops above 72k, while trapping the chasing breakout longs at the ceiling!
4-hour structure faces heavy pressure: Looking at the bigger picture on the 4-hour chart, Bitcoin rebounded from 66,000, and the trend is indeed bullish. However, the failed attempt to break 72.8k left a very ugly long upper shadow, indicating this level is a dense area of trapped positions and profit-taking by the main force. Without sufficient oscillation and shakeout, it’s very difficult to surpass it in one go.
Steady your mind (remember the macro top at 126k): Short-term being stabbed and shaken dizzy? Brothers, open up your perspective! The ultimate high point of this macro bull market is around 126k. Before breaking the all-time high, these thousand-point fluctuations are standard moves, meant to thoroughly shake out the weak hands. Reject emotional chasing and panic selling, strictly follow our order placement discipline!
Support and resistance levels (Fisher Night Trading precise version) Short-term support (1-3 days, intraday defense zone)
71,200: Immediate support. The buffer platform where the 15-minute chart just stabilized after a sharp decline. Tonight’s US session will definitely test the support here.
70,800: Strong support. A major integer level and an important oscillation center before the explosion, a position bulls must defend.
69,600: Core support. The starting point of this rebound on the 4-hour chart. If broken, it signals a reversal of the short-term trend.
Mid-term support (1-2 weeks, swing trading zone)
68,000: The previous critical dividing line between bulls and bears.
66,500: The liquidity bottom of the last big dip.
64,500: The macro structural defensive limit.
Short-term resistance (1-3 days, rebound high-pressure zone)
72k: Immediate resistance. The halfway resistance level just below the painting door’s decline. Now it’s the first hurdle for a rebound.
72,400: Strong resistance. The starting point of the bearish candle in this 15-minute Heaven and Earth Needle pattern.
72,876: Core resistance. The recent high point just pierced tonight, difficult to reach again without massive funds in the short term.
Mid-term resistance (aiming at the 126,000 divine level)
73,800: Absolute heavy zone near the previous high.
76,000: Fibonacci extension target for the second half of the bull market.
126,000: Macro historical top (ultimate boss).
Comprehensive analysis and optimal entry strategy overall view:
Currently at 71,000, in the “extreme high-level trap after emotional retreat, short-term tug-of-war between bulls and bears.”
Bearish strategy (short-term counterattack): Since 72.8k proves to be a false breakout, short-term selling pressure will dominate the market. The core logic is “shorting around the short-term resistance near 72,000,” betting on a shakeout and pullback after the trap of诱多.
Bullish strategy (right-side retest): Buying at the current price risks catching falling knives in mid-air. The prudent approach is to patiently wait for a pullback, relying on the strong support around 70,000 for a rebound after stabilization.