📊 Evening Market Outlook Update

Bitcoin has broken above the bearish flag pattern, but is currently blocked at around 77,370, failing to continue the rebound momentum. This level is the key dividing line for current bullish strength: only if it can effectively hold above 77,370 will the price return to a strong bullish zone, opening upward space with targets at 78,536 and the previous high of 79,489; conversely, repeated tests of resistance may lead to a pullback risk.
⚠️ Key risk signals to watch: the market has tested 77,370 twice without a valid breakout; if the third test still cannot hold steady, a technical correction is highly likely. A pullback is not a bad thing — a rising market needs to gather strength, just like a person shifting positions during sleep to adjust rhythm.
The healthy bottom line for the pullback is the support zone between the lower boundary of the flag pattern and 76,234. As long as the price does not fall below this area, the bullish trend remains solid, and breaking through 77,370 is only a matter of time; but if the pullback effectively breaks below 76,234, the trend indicated by the red box will form a lower low, and once the trend structure is broken, the price will likely continue to test the previous low of 74,973. This would worsen the market rhythm, which is a situation we need to avoid.
Looking at the pace of the trend correction: from the previous high of 79,489, the measured target based on a 1:1 retracement is 73,987, but Bitcoin has not completed the full move and showed clear signs of stabilization around 75,000. This is also the core logic behind my yesterday’s long position at 75,700 — the correction is likely nearing its end, even if it’s just a technical rebound, the certainty is high enough. The market itself has already given all signals; the key is whether we can interpret and execute them.
📌 Key trading references:
• Long entry on the right side: When the price breaks above 77,387 with volume and stabilizes, you can follow the trend. After confirming stabilization on the hourly chart, targets are in the 78,536–79,489 range.
• Short entry on the right side: When the price drops below 76,951 with volume and cannot recover the support upon rebound, you can take a small position. After confirming the breakdown on the 4-hour chart, targets are in the 75,640–74,556 range.
• Regardless of long or short, always strictly set stop-losses and control position risk.