Bitcoin yesterday tested the previous high again, then faced resistance and pulled back, with the 76k level showing clear pressure. Multiple attempts to break through were unsuccessful, indicating short-term bullish momentum is insufficient. The bullish and bearish outlook provided yesterday has now been successfully realized.

Currently, after encountering resistance at high levels, the market has begun to decline. Overall, it remains in a wide-range oscillation zone, but the short-term trend is leaning bearish. The phase of correction signals is strengthening, and it is recommended to follow the trend and mainly consider short positions.

From the daily chart perspective, the structure still maintains a weak oscillation pattern, with the 76k strong resistance level unable to be broken. After rebounds, it repeatedly faces selling pressure. Yesterday closed with a long upper shadow bearish candle, showing clear top-side resistance, and a double-top pattern is gradually forming. The hourly indicators also turned downward, with signs of weakening at high levels. If there is a rebound during the day, it can be used as an opportunity to look for short entries.

Trading suggestions:

BTC short in batches within the 74.8k - 75k range

Target: 72k - 70k