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Today is Saturday, liquidity is the top concern, and the market shows support at lower levels, but the rebound has not yet upgraded. So don’t rush to see support as a reversal, and also don’t say it’s broken just because it touched around 72400 last night. Currently, BTC looks more like a tug-of-war at low levels, with the main direction still leaning towards defense, key is whether 73500 can hold steady. The levels of 72500, 73500, 73900, and 74300 given yesterday are completely in line with the market trend.

Last night, from 72400 rebounded to 74300, showing a rebound, but the problem is it didn’t hold, and then it returned near 73400. The volume and positions also didn’t show new bullish momentum, just short covering and a quick rebound. The indicators are similar; short-term repairs are happening, but the daily momentum and channels are still pressing down, so this rebound can only be considered a weak correction for now.

In terms of position, 73500 is the current short-term equilibrium level on the market. If it can’t hold, it will continue to grind near the lows. Also, to stop the decline, it must recover above 73800, then look at 74000, which is the real recovery threshold today; if it can push above 74600, the rebound quality will improve, and there’s a chance for an upgrade.

On ATR, it’s not surprising to see around 73050 being swept, the real key is 72800, which is the daily chart’s bull-bear dividing line. If it breaks below and doesn’t recover, daily support will weaken; if 72400 also can’t hold, the low-level tug-of-war will turn into a risk. To put it plainly: recovering above 74000 indicates strength, breaking below 72800 indicates weakness, and losing 72400 increases the risk of a breakdown.
🚨Information sharing, not investment advice! 🚨
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