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Weekend closed with a medium bearish candlestick on the daily chart, the weekly chart shows a long upper shadow, and the monthly chart broke through resistance but then fell back.
However, the weekly bottom has three positive signals, still expecting a rally.
Currently, the 12-hour adjustment cycle is not quite ready; after adjustment, it may form multiple cycle resonances for an upward move again.
The probability of a rebound followed by a pullback and shakeout to absorb supply is relatively high.
Bitcoin: The Bollinger Bands are tightening and flattening, with the upper band around 78,100 and the lower band support at about 74,100, clearly defining the current oscillation range.
A bullish cycle will form after the 1-2 hour adjustment is complete.
The core anchor point in the options market is 75,000, which is the resistance level that must be first overcome after breaking through 74,000.
The daily MACD shows a bearish death cross signal, indicating a short-term pullback is needed, but the overall bullish structure remains intact.
The 4-hour RSI is about 54, in a neutral to slightly bullish zone, with balanced buying and selling forces and no extreme overbought/oversold signals.
Support: 73,500-74,100, 72,000; Resistance: 75,000, 76,000, 77,800-78,300.
Second, the market: The 8-hour adjustment is complete, with support currently at the 12-hour structure.
The 4-hour MACD has formed a death cross below the zero line and the divergence has not changed, indicating weakening upward momentum and that the bears are dominating the short-term trend.
The 4-hour RSI is about 49-52, in a neutral zone, with no extreme overbought/oversold signals, and buying and selling forces are temporarily balanced.
Today, the overall outlook is for a rebound; if the price cannot break through the 1-hour resistance after a long time, and momentum weakens, it signals a shift to a bearish trend.
Intraday, expect a bullish bias, with the primary target being a breakthrough of the 1-2 hour resistance.
Support: 2,250, 2,200-2,230; Resistance: 2,340-2,350, 2,380-2,400.