Here are two core thoughts for the day, and the logic is actually very clear:

First, at 8 a.m., it was confirmed that there is support around the 74,000 level, so everyone is advised to reduce their overnight short positions and leave room for a rebound, focusing on the 75,500-76,000 range — the afternoon trend has already played out as expected.

Second, the rebound is not a reversal but a preparation for the subsequent decline. After completing the chip exchange at high levels, the market continues to enter a correction phase — which is currently underway.

Overall, the rhythm always revolves around "support → rebound → further decline," and the key is not prediction but whether each step is responded to in accordance with the trend and executed properly. #GatePreIPOs首发SpaceX $BTC