Wednesday morning thoughts: if the oscillation range isn’t broken, keep trading by going long and short between the range’s high and low points—rhythm is the key.

Yesterday, the market moved up sharply overall and then pulled back. The high was 76800, the low reached 74800—both the long and short sides had chances to profit. For our part, we kept prompting to short above 76500 all the way, and once the timing was on point, the profits naturally came in. Right now, the price has returned to around 76000 to consolidate, which also gives us another opportunity to enter a short position.

From the chart perspective, the short-term bulls and bears battle remains intense, but the current structure still hasn’t been broken. 77000 overhead is the first resistance; 78300 is a strong-pressure zone. 74500 below is support, and 73200 is the key defensive level. In the absence of obvious news-driven catalysts, most likely it will continue to run within this consolidation framework.

The idea is very simple: if the range isn’t broken, follow the structure—don’t fantasize about eating a fat one in a single bite.

Short-position reference: above 76500, targets at 75000-74000 resistance levels
Long-position reference: below 75000, targets around 76500-77000 in the area
$BTC ‌#比特币反弹