76k! Is this the top for Bitcoin? Where can we rebound—take a look now.

1. First, let’s talk about why it dropped. Right now, this Bitcoin pullback has touched the highest point of this 3-month consolidation range: 76k. When the price reaches the area near the previous high and starts to pull back, that’s nothing unusual. So after the pullback, can we make a rebound?
2. I think it’s worth trying, but we should look for a rebound from a stronger support level. Right now, Bitcoin’s strong support is above 72.7k. As it gets close to that level, I’ll definitely add another position, and the odds of catching a rebound of over a thousand points are extremely high.
3. Next, the second question: Is 76k for Bitcoin really the top?
There’s a chance of that. But based on how this year’s few market tops have played out, they will usually fake a breakout above the previous high—like moving up to 78k—tempting the bulls to break through and chase longs, and then wiping them out all at once, turning them into fuel for the drop. That scenario is even more likely. Of course, resistance is also strong near 76k around the previous high, which is a good choice as well.
4. So in this situation, Qixuan’s plan is to take it in two steps, as shown in the chart. I want everyone to hang short orders at both major resistance levels—75k and 78k. Adults don’t make choices—I want all of it! When the price approaches the 76k resistance and pulls back to above 73k, we’ll first take a pullback from a double top. I also talked about this in yesterday’s post, where I was preparing to set up short positions.
5. Right now, my 75k short position will take partial profits. Let’s see whether there’s a rebound—if there is, then we can short again. Trump often surprises us. But if I’m going long, I’ll be more cautious, because 74k isn’t low. I’ll only consider adding one more long when it pulls back to the larger support area around 72.7k–73k.
6. So our trading isn’t random. Even if there’s good news from the US-Iran talks, if it’s already pumped too much, we won’t chase longs. I emphasized this clearly yesterday: even if you want to go long, you have to enter at the right price before considering the entry. And then last night, as we approached the previous high resistance at 76k, we were also very confident in catching a decent pullback and retest. Carpe diem—when opportunities show up every day, we go in hard~