Bitcoin is under pressure at the 76,000 level and retreating, oscillating between 73,000. In the early session, we provided short guidance near 75,500, and in the evening near 73,400, with top-tier long positions paired with a nice capture of 3,000+ pips.

After the US market session, there was a small rally followed by a pullback. The overall trend remains relatively stable. Whether this is technical consolidation after a sharp rise or a reversal from the top, everyone has their own views, but I believe we haven't reached the peak yet…

The wave pattern shows repeated fluctuations with strong support at 73,000 below, while 76,000 above is exactly the weekly moving average resistance level mentioned previously. So at this stage, it can still be considered a high-level pullback.

For the overnight session, consider opening a light short position first near 74,500, with stop loss not considered for now. If the entire overnight session doesn't break below 73,800, then short positions should be closed out in time. $BTC