Today I was thoroughly educated by the market sentiment.

Last night, I positioned a long around 77,700, holding it for nearly 24 hours, during which I adjusted the average price through adding positions;
The market sentiment twice recovered to the cost level but failed to achieve a significant upward breakout, and in the afternoon, due to the market reaching a pivot point, I was stopped out with regret.
This time, the core issue with the operation was that I initially made a continuous profit by following the trend with the long, but the rhythm was too smooth, leading to a lax risk management awareness, which ultimately resulted in being stopped out.
The previous winning streak also came to an end here.

Returning to the current market situation, the overall Bitcoin trend remains unchanged from our previous analysis, with the head pattern of the long still intact.
However, the recent correction has exceeded expectations in both magnitude and strength, with the price falling back to the previously emphasized key support zone of 76,000-77,000 for testing.
Currently, the market is in a consolidation phase.
This correction serves two purposes: first, to repeatedly test the effectiveness of the lower core support; second, to fully release the selling pressure from the long positions and digest the trapped positions above.
So far, there are no signs of a trend-breaking signal.
Therefore, in terms of trading strategy, I still recommend mainly focusing on low long positions.
Although the previous long positions were regrettably stopped out, at this stage, I do not suggest blindly reversing direction to chase the short.
It’s better to prioritize around the 76,000 support level, using light positions to test the long, and look for technical rebound opportunities.