Wednesday Morning Bitcoin Strategy

In the early morning yesterday, after surging higher, there was a rapid pullback, and the short-term momentum has clearly weakened. After the price explored lower around 73300, although there was a rebound, the 74800 area above showed obvious resistance, with multiple attempts overnight failing to break through effectively, indicating that the current bullish continuation is insufficient, with rebounds being more corrective in nature.

From the daily chart perspective, the high position turned bearish, ending the previous consecutive bullish structure, and the strong phase has come to a temporary halt. Meanwhile, KDJ is at a high position with signs of a turning point, requiring a pullback in the short term, with the overall direction leaning bearish.

In terms of smaller timeframe performance, rebound momentum continues to weaken, with higher risk in chasing longs and susceptibility to being trapped at highs. Therefore, operationally, blindly going bullish is not recommended; prioritize participating in the pullback following the trend.

In the morning, you can consider shorting from 74000-74500 in batches, with targets unchanged still looking toward 72000, and if it breaks, continue looking lower to 71000. If the downward move shows a stop and doesn't continue, then consider participating in a low-level long rebound $BTC ‌#Gate广场AI测评官