Yesterday, Bitcoin continued to pull back with intraday rebounds, and the minor-level gap has been perfectly filled. As a gap from the previous bottom breakout, its performance after the fill is a key signal — the intraday morning rebound confirmation validates the market's current strong recovery nature, and signals that the risk of "decline ending" is temporarily relieved.

🔍 Core Structure Analysis

The current market presents a typical wedge consolidation pattern, with the major trend maintaining a bullish bias, but the process will be highly repetitive.

1. Key Resistance Conversion: 71500 is the core intraday watershed. If it breaks through and holds firmly at this level, the original resistance logic becomes invalid, and we should not consider shorting today. Treat it directly as the neckline breakout of an inverted head-and-shoulders pattern; if it holds, it will open upside space.

2. Target Range and Resistance: The short-term rebound's primary target points directly to the 72500-73000 gap zone. This area is a confluence of previous resistance and psychological levels, with a high probability of forming a secondary high and triggering a new round of downward structure. A breakthrough continues the bullish view.

3. Short-term Support and Entry Points: The 70000 round-number level below is strong support. If intraday pullback tests this level and is supported, it will be the entry point for riding the recovery trend with long positions.

🚀 Today's Execution Strategy

- Main Idea: Focus on long positions on dips, short positions on rallies as secondary, strictly execute range-bound operations.

- Long Plan: Enter after pullback to around 70000 stabilizes, target 72000 level, if broken target 74000 level.

💡 Trading Wisdom

The current market lacks follow-through, with rapid yin-yang transitions; avoid blindly shorting in one-sided strength. Must adhere to the "double confirmation" principle: do not short until bulls fail to reach previous highs; do not short until bears break support. Wait for price action to give clear signals before executing, only then can you steadily navigate this long-short battle.#BTC #ETH