⭐ BTC Today's Market Update

Yesterday we said that Bitcoin has short-term support around 72,500-73,000, but the daily chart structure is relatively weak. We need to observe whether the resistance at 74,200 can be broken and stabilized. Yesterday's market saw a second bottom test at 72,500, followed by a rebound to 74,200, then a pullback. The main positive factor was the news from the US and Iran, but the volume spike and subsequent pullback were more about liquidity hunting. This morning's candle closed bearish, and overall, the strength remains weak.
The daily chart shows four consecutive bearish candles, with long lower shadows in the past two days, indicating some support along the channel lower boundary. However, the MACD momentum histogram is still below zero, and trading volume continues to shrink, suggesting the rebound lacks active buying support. Over the weekend, the market is still expected to be volatile sideways.
On the 4-hour chart, the MACD has a bullish crossover, indicating short-term recovery momentum. One notable point is the divergence in trading volume between the spot and futures markets. From the 1-hour spot volume structure, volume increases during declines and decreases during rises, mainly driven by indicators rather than genuine buying. On the futures side, volume has expanded, mostly due to short covering, forming a false breakout. The rebound is unhealthy. Only if both spot and futures volumes simultaneously break through and stabilize above 76,000 will the bulls have hope; otherwise, the trend remains bearish.
Upper resistance: 74,500-75,500, strong resistance at 76,000
Lower support: 72,800-72,500
Today’s outlook: Expect sideways with a slight weakness. Until the range is broken, you can consider high sell and low buy. But given the current weak trend, the strategy is mainly to short on rallies and only lightly long on dips for short-term trades. $BTC ##WTI原油失守90美元 $BTC