Bitcoin (BTC) Early Morning Market Analysis and Short-term Strategy

1. Market Review and Current Situation

Last night, a panic sell-off occurred, with the price finding strong buying support at $74,868, completing a V-shaped rebound. The current quote is $76,300, recovering most of the early morning decline. From the 15-minute chart, the price has stabilized above the middle band of the Bollinger Bands, and the Bollinger channel is generally turning upward, indicating that short-term bearish momentum is weakening, and the market is entering a bullish correction phase.

2. Key Technical Levels and Bull-Bear Observation

1. Core Support Zone: $75,800 - $75,900. This is a minor support level after the rebound and the defensive lifeline for the current bullish correction, which must not be lost.

2. Primary Resistance Zone: $76,400 - $76,500. This is the initial resistance during the rebound. If it can be effectively broken through, it will confirm an upgraded short-term rebound, attracting more follow-up buying.

3. Secondary Target: If the price can hold above $76,500, it is expected to test the $77,000 - $77,200 area.

3. Trading Strategy and Path Projection

• Main idea: Under the premise that key support is not broken, focus on low-buying rebounds, and avoid blindly chasing highs.

• Ideal Entry: When the price retraces to the $75,800 - $76,000 range and shows 15-minute stabilization signals (such as long lower shadows or bullish engulfing), it can be considered a high-value long entry point.

• Risk Management: Place strict stop-loss orders below $75,700 to prevent false breakouts.

• Target Tracking:

◦ First target at $76,500; upon reaching, consider partial profit-taking.

◦ If a strong breakout occurs, the second target is above $77,000.

• Key Observation: Continuously monitor the price behavior around the $76,500 resistance level. If repeated attempts to break through fail, be alert to the risk of a pullback. $BTC $ETH $DOGE