【BTC】

First, the entire 4-hour rebound extension is most likely to have ended last week with 78k as the high point. Over the weekend, with lower liquidity, a 1-hour pullback occurred, and it again tested the previous horizontal support;

Up to now, the gains have been basically fully retraced. Previously, it was mentioned that the 73-74k range is an important support point for the main force, and after touching this price, a certain degree of rally may occur. Only if it breaks below can the trend be confirmed to turn bearish, as well as the official start of the 4-hour 📉.

Based on this situation, the area around 76-77 is a strong 0.618 resistance, and also the potential high point of the right shoulder, coinciding with the channel's central axis resistance;
Therefore, for the subsequent bears, it is crucial to observe whether this becomes a new supply zone. Once the head and shoulders pattern is confirmed, there is at least about 5,000 points of space below.
The main strategy remains to participate in the decline after the secondary high in the above area, with long positions only as an auxiliary, and continue to hammer down after entry!

Secondary entry to short around 76.5-77k
TP: below 72k
Just for entertainment, for reference only.