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🦅 Fish Fish Evening Market Rapid News (70,000 Resistance Tug-of-War): Bitcoin Tests Bottom at 73k, Reverses with a Deep V! Is it a Rebound to Resume Uptrend or a Trap for Induced Buying?
Brothers, good evening! Bitcoin's price action is once again performing a thrilling rollercoaster. #BTC $BTC
Currently, the price is fiercely battling between bulls and bears near 75,200.
Cut through the market noise, and let’s analyze the main force’s true intention behind this bottoming and rebound with the most hardcore market language.
Hold this report tight; tonight’s key turning point is all here!
🔥 Latest Situation Deep Review (Directly Revealing the Main Force’s Hidden Cards)
4-hour deep shakeout and strong support: Looking at this 4-hour chart, after Bitcoin touched the historical high area above 78,000, it faced fierce profit-taking selling pressure, dropping all the way down to around 73,000 to seek liquidity.
But this long lower shadow and the subsequent bullish engulfing candlestick indicate that there is extremely strong institutional support around 73k.
This is a standard “violent deleveraging” move after a bull market breakout.
1-hour V-shaped reversal faces testing: Enlarging to the 1-hour level, Bitcoin formed a beautiful V-shaped reversal from the 73,000 bottom, with the current price at 75,232 successfully breaking above the short-term moving average cluster.
However, this rebound is encountering resistance around 75,600.
If it cannot break through with volume, there is a short-term risk of forming a secondary high and pulling back.
Steady your mind (Persisting through the 126k top): Brothers, don’t be scared by a few thousand points of correction!
The ultimate high of this macro bull market is around 126k.
On the way to hitting new highs, this kind of bottoming shakeout is a necessary pain.
Abandon emotional chasing of highs, strictly follow the right-side order discipline!
1. Support and Resistance Levels (Evening Trading Precision Version)
🟢 Short-term support (1-3 days, intraday defense zone)
74,500: Immediate support.
A short-term pause and recovery zone during the V-shaped rebound on the 1-hour chart.
Tonight’s first buffer zone for pullback.
73,500: Strong support.
A major support level confirmed on the 4-hour chart with a large double bottom structure, guarded by bulls.
72,800: Core support.
The extreme low area of this correction; if broken, it signals a short-term trend weakening again.
🔵 Mid-term support (1-2 weeks, swing trading zone)
70,000: Major psychological milestone, a watershed for bulls and bears.
67,000: The previous large-scale unidirectional trend’s explosive bottom pool.
64,500: Macro structural defensive limit.
🔴 Short-term resistance (1-3 days, rebound high-pressure zone)
75,800: Immediate resistance.
The first dense resistance zone on the 1-hour rebound chart.
77,000: Strong resistance.
The lower boundary of the previous high-level oscillation box, trapping many short-term chasing traders.
78,200: Core resistance.
The recent peak and absolute high point visible on the chart, requiring massive short-term volume and good news to surpass.
🟠 Mid-term resistance (Targeting the 126,000 divine level)
80,000: Epic integer milestone.
84,000: The first macro expansion target in the second half of the bull market.
126,000: Macro historical top (ultimate boss).