Today’s overall market sentiment for Bitcoin throughout the day is focused on one word: weak. Aside from a slight rebound in the morning that touched around 77,400, the entire day has been characterized by a slow, oscillating sideways movement, with no significant rebound strength shown. In the evening, the price further declined, directly breaking through the 76,000 key level, with the lowest reaching around 75,600. Currently, it is hovering around the 76,000 level with sideways consolidation. After the short-term long positions exited following the day's slow decline, we issued another signal in the evening: to lightly test the 76,000 level with small positions, aiming to capture a rebound after oversold conditions. All long positions have now been entered and positioned, waiting for the market to confirm the trend.

From the current market situation, the upward trend that started from around 59,800 has always relied on key moving averages for oscillating growth. The larger-scale upward structure remains intact. The current retracement to the support zone is precisely within the core area formed by previous dense trading and trend support, and it has not effectively broken through the critical trend support. The foundation of the long-term trend remains solid. After continuous declines, the market has completed the retest of key support levels. The quick rebound after breaking the support in the evening confirms the support’s validity. The momentum of the short-term long positions, after continuous release, has entered a phase of exhaustion. The price has been steadily pulled back, and the downside space has been significantly compressed. There is a strong technical correction demand, and a rebound turning point is gradually approaching. After a day of oscillating sideways, the market has completed its bottoming process in the evening. The current price has regained above the 76,000 level and is consolidating sideways, completing a short-term chip rotation. Long-term capital has begun to enter at low levels, and a short-term rebound pattern is initially taking shape. Multiple timeframes are resonating, and the rebound correction window is about to officially open.