BTC dropping to the key support level of 75,000 to 76,000, is it a rebound or a reversal?

First of all, I have expressed my opinion before. I believe 79,400 is already the top, and a rebound at 75,600 is also in line with expectations because this is a very critical support level. Many bulls are defending and going long here. Once it breaks below this, only the last key defense for the bulls remains at 73,500-74,000. Therefore, I think the rebound here is in line with expectations. I saw that the short liquidations are roughly around 77,000, so liquidating shorts here is normal. So, I believe this rebound is not a true reversal signal. I lean more towards a rebound after a decline. Candlestick patterns can't keep falling without bouncing, nor can they keep rising without pulling back. This kind of normal rebound is nothing surprising.

If it breaks below 75,000, I think the next focus should be on the support in the 73,500-74,000 range. There have been quite a few rebounds in this zone before, and it is also a dense trading area. To break down here, it must fall with volume; otherwise, it’s easy to form a decent rebound. If there is volume-driven decline here, then the market afterward will hardly have any bulls left, and it will likely head toward 70,000-72,000.