Bullish retracement confirmation support, the bullish structure remains solid



Yesterday's market completed a textbook-style pullback confirmation within the 74,000-75,500 range, with the price receiving strong buying support after touching the key support near 74,000.

From a technical perspective, this pullback coincided with a retest of the lower boundary of the four-hour ascending channel and the resonance support level of the previous breakout platform, indicating a healthy trend consolidation. Currently, the price has re-established above the short-term moving average system, and the MACD indicator is about to form a golden cross above the zero line, with volume gradually increasing, showing that bullish momentum is re-accumulating. As long as the 74,000 support holds, the overall main trend of oscillating upward will not change, and this is an ideal area for bullish trend positioning.

Go long directly near 75,000, with the first target at 76,500, and if broken, look higher to 78,300.
BTC0.78%
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