The intra-day Bitcoin futures remain volatile within a wide range, with the price testing the previous high of 76,000 twice in the evening before facing resistance and pulling back. Currently, it is consolidating around 74,400. We clearly indicated last week that the target was 76,000, and the market has fulfilled this expectation as scheduled.
From the market perspective, the daily chart shows a continuous surge with a large bullish candle breaking through the consolidation zone. The upward trend structure is intact, with only short-term technical corrections needed. The four-hour chart indicates steady strength along the upward channel, with good volume and price action, and the bullish dominance remains unchanged. The pullback is a normal support confirmation. After spiking to 76,009 on the hourly chart, the price quickly retreated, indicating weakened bullish momentum. In the short term, it has entered a correction and recovery phase, with the strategy still mainly focusing on buying on dips.
Bitcoin retraced around 73,800-73,100, with an outlook of 76,000-78,000.
Altcoins retraced around 2,310-2,280, with a target of 2,400-2,560.