On Wednesday morning, Bitcoin's movement directly taught the market a lesson. A strong surge occurred in the early hours, pushing the price up to around 72,700. Bullish sentiment was instantly ignited, and previously trapped long positions finally got some "relief." However, for the bears, this rapid and aggressive rally came too quickly. Many hadn't even reacted before being forced to exit their positions.

But emotions aside, the trend still depends on the chart. Currently, the upward momentum has slowed somewhat, and the price has begun to consolidate at high levels with signs of a pullback. Looking at the four-hour structure, the price is supported by the midline and gradually rising. This wave of volume-driven bullish candles indeed broke the previous consolidation pattern. Short-term strength is evident, but because the rally was so fast, high levels are not ideal for blindly chasing longs.

There is still significant resistance around the 73,000 mark. Until a clear breakout occurs, it’s more likely to see a technical pullback to release some of the gains. In terms of trading strategy, the approach could be to short first and then go long within the day—timing is more important than direction.

Specifically, in the 72,000 to 73,000 range, traders can try to gradually establish short positions, first aiming to see a pullback to around 71,000 to 70,000. If during the pullback there is no continuation of the decline but instead a stabilization, then consider reversing to long positions and riding the next upward wave. $BTC ‌#Gate广场四月发帖挑战 #加密市场行情震荡