$BTC Evening Market Outlook

Bitcoin surged to a new high of 75,983 and then began to pull back, causing many to feel anxious. There is really no need to worry. The pullback is essentially a consolidation phase, providing an entry opportunity for funds that haven't yet entered the market—this is a healthy market correction.

Although the previous convergence pattern showed a breakout, the price has continued to oscillate and consolidate above 73,833 without a sustained decline. Even if it temporarily dips below 73,833, there is no need to panic. The support level at 72,883 has held strong through two pullbacks and remains a solid support.

Bitcoin cannot sustain an extreme rally indefinitely, and such a trend actually lacks the value needed for chasing entries. Before breaking below 72,883, the overall bullish trend remains intact and continues to operate strongly.

The starting point of this rally was 70,431, and currently, the price is far from that level. The hourly bullish structure is very healthy. Even if prices later break below the initial point, bulls still have room for a rebound—there's no need to panic at this moment.

I am actually expecting a pullback to around 70,431 to set up long positions, but I worry the market may not give us that opportunity. When facing strong support zones, rational speculation is worthwhile. Trading always requires a rational approach to stop-loss management.

In the short term, the key focus is on the breakout above 74,410. Only a firm hold at that level can generate the momentum to challenge the previous high. If the price continues to range sideways, it will likely trade between 74,410 and 73,833.

Trading Tips

• If volume breaks above 74,432, consider entering long positions with the target between 75,769 and 76,721.
• If volume breaks below 73,761 with a weak rebound, consider short positions.
• If the 4-hour level breaks below 73,538, watch for support at 72,874 to 72,209.

Maintain strict risk control and approach market fluctuations rationally.