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Bitcoin experienced a large-scale decline yesterday, once again dropping over 5000 points deeply, catching many traders off guard. Jiang Wei, during this wave of pullback, was also well-behaved and obedient.
Bitcoin's price dropped to a low of around 73,000 overnight, then rebounded. Currently, it is consolidating around 76,000. From the four-hour chart, the price is still operating within the middle-lower band. The bulls have not yet gained full upward momentum, but this wave of pullback did not continue downward, indicating a short-term upward trend.
On the daily chart, the candlestick is now at a bottom. Without strong volume, the bears are unlikely to push the price further down; instead, a rebound is expected. Even if the bears continue to decline, it will likely happen after this rebound.
For tonight's Bitcoin strategy, you can consider going long at the 76,000 level, with targets set at breaking through 78,000 and aiming for 80,000.