Bitcoin continued to decline after breaking below the key support level of 76,000 yesterday, currently oscillating weakly around 73,300. From a structural perspective, an effective breakdown has been formed on the daily chart, with the price falling below the MA30 moving average, indicating a disruption of the medium-term upward trend. The 4-hour chart shows a stepwise decline with higher highs gradually shifting downward, coupled with MACD increasing below the zero line, indicating that bearish momentum still dominates.

Key resistance is focused on the 74,000-74,500 area, which was previously support turned resistance. If the rebound fails to break through this resistance zone, the downward trend will continue. The first support level below is near yesterday’s low of 72,500-72,700. A break below this could open the way to deeper supports around 70,500-71,000. Currently, the overall volume-price relationship indicates that selling pressure has not been fully released, and market sentiment remains cautious.

Overall, the technical pattern clearly leans bearish. Until the price effectively recovers above 75,500, any rebound may encounter a new round of selling pressure. Traders should be alert to the continuation of downside risks and focus on the momentum near key resistance levels. #加密市场隔夜V型震荡 $BTC