$BTC Evening Market Insight

Bitcoin surged to a new high of 75983 and then pulled back, causing anxiety for many friends. There's actually no need to worry. Pullbacks are essentially accumulating strength and providing entry opportunities for funds not yet in the market—this is a healthy market correction.

Although the previous convergence pattern showed a breakout, prices have continuously oscillated above 73833 without experiencing sustained decline. Even if there's a brief dip below 73833, there's no need to panic. The strong support at 72883 below hasn't been broken through despite two previous pullbacks.

Bitcoin cannot maintain an extreme rally indefinitely, and such movements lack value for chasing entries. Before breaking below 72883, the overall bullish trend remains intact and continues in a strong performance range.

The starting point of this rally was 70431, and current prices are far from reaching that level. The hourly bullish structure is very healthy. Even if prices subsequently break below the starting point, bulls still have room for counterattack—there's absolutely no need to panic now.

I'm actually looking forward to prices pulling back to the 70431 area to build long positions, and I'm only concerned that the market won't provide this opportunity. When facing strong support zones, it's worth rational speculation, and trading itself requires rational stop-loss management.

Short-term focus is on the 74410 breakthrough situation. Holding above this level will provide momentum to challenge the previous high. If maintaining range consolidation, prices will likely trade within 74410-73833.

Operation Reference

• Volume breakout above 74432, can follow with long positions, targeting 75769-76721

• Volume break below 73761 with failed retest, can follow with short positions

• If 4-hour level breaks below 73538, watch 72874-72209 below

Maintain strict risk control and rationally face market volatility.