$BTC ‌

Brothers, you still need to pay more attention to the situation in the Middle East. At the moment, the overall structure has not changed. In the short term, it is still possible that price will surge upward, but the space is no longer big. For the short term, it’s better to wait for a pullback and then go long. But for the larger timeframe, going short on a rebound is more prudent. The space below is much bigger than the space above—let’s do a simple analysis.

Has this wave of upside for “Big Biscuit” ended?
To truly end this wave of upside, most likely one of the two conditions needs to be met:
Either poke higher again, a fake breakout to 76000;
Or without breaking 76000, form an hourly-level double top nearby, then only after price breaks down below 71431 will the hourly uptrend be considered ended.
But the larger-scale bullish trend is still healthy.
Why does it pull back immediately after touching 76000?

76000 is the dense zone where a large number of long positions were trapped earlier.
As soon as price reaches the trapped-zone area, sell pressure is immediately dumped out. The buy-side cannot absorb it, so the price naturally falls back.
Here, a large amount of turnover is completed—sell orders are greater than buy orders.
How will the current structure move?

After “Big Biscuit” breaks the flag pattern & the 74300 support, it consolidates slightly and then returns to inside the flag.
At the white arrow position in the chart, a potential isolated top forms (the hourly candlestick hasn’t finished yet, so it’s only tentative).
An isolated top = there is clear resistance at that level.

Break through the isolated top → continue the rebound, and watch the upper edge of the flag pattern.

Break through the flag’s upper edge at 75537 → then follow through to push toward 76000, even to new highs.

If you can’t break the isolated top and price falls again below 74300 → pull back into the 73700–73288 range.

As long as price doesn’t break the low of the large bullish candle marked by the red arrow, the downside won’t expand, and it will most likely keep ranging and moving upward again;
once it breaks, only then will it turn into a deep pullback.
Right-side trading strategy (with stop-loss)

Break out with volume at 74751 and hold → go long on the right side
Targets: 75725–76595

Break down with volume below 73762, and the pullback can’t be recovered/closed back → go short on the right side
Key zones

Hourly timeframe:

Only go long after holding 74751; targets 75725–76595
4-hour timeframe:

If it breaks below 73739, look for shorts; targets 72911–71865

Upper resistance:
74751 – 75725 – 76595

Lower support:
73718 – 72496 – 71434#高盛申请比特币收益型ETF