Oversold rebound, bulls briefly regain dominance

BTC is currently in a strong recovery phase after a decline, with short-term bullish momentum clearly releasing. The trend is shifting from a bearish bias to a sideways to bullish transition, with prices and moving averages showing a bullish counterattack and breaking above key moving averages.

The current price is 76,201, up 0.70% intraday, rebounding rapidly from the recent low of 73,666 by nearly 2,600 points, typical of a technical correction after an oversold condition.

From the candlestick chart, the recent rebound's bullish candles are clearly accompanied by increased volume, especially when breaking through the 75,000 key support level, with trading volume significantly expanding. This indicates that additional funds are entering the market to buy the dip, supporting the bullish trend. It shows that buying power is resolute and not just short covering.

👉 Short-term long position (trend-following rebound)
Entry: Enter on pullback around 75,700-75,400
Stop loss: Break below 75,000 (below support level), exit at stop loss
Target: Watch the 76,700-77,000 range; a volume breakout could target higher levels

👉 Short-term short position (resisting rebound)
Entry: Enter when rebound reaches 76,700-77,000 and faces resistance (long upper shadow, volume stagnation)
Stop loss: Break above 77,200, exit at stop loss
Target: Watch the 76,000-75,700 range; a break below support could target 75,000
$BTC