Wednesday Morning Bitcoin Strategy

Early yesterday morning, after surging higher, there was a rapid pullback, and the short-term momentum has clearly weakened. Although there was a bounce after the price dipped to around 73,300, the 74,800 region above showed significant resistance, with multiple probes at midnight unable to effectively break through, indicating insufficient continuation from the bulls, with the rebound being more corrective in nature.

From the daily chart perspective, the high turned bearish, ending the previous consecutive bullish structure, and the strong phase is temporarily concluding. Simultaneously, KDJ is at high levels with signs of turning, indicating short-term pullback demand, with overall direction leaning bearish.

On smaller timeframes, rebound momentum continues to weaken, and the risk of chasing longs is high, easily getting trapped at elevated levels. Therefore, operationally, blind bullish views are not recommended; prioritize counter-trend participation in pullbacks.

In the early session, consider shorting in batches around 74,000-74,500, with targets unchanged still eyeing the 72,000 area for a breakdown to continue looking toward 71,000.
If after the decline there is a stop-drop without continuation, then consider entering low longs to participate in the rebound$BTC ‌#Gate广场AI测评官