【BTC Short-term Rebound to 74000, Focus on Reducing Position and Trading】

The Federal Reserve meeting has concluded with an overall hawkish tone: maintaining interest rates unchanged, only one rate cut expected within the year, while raising inflation expectations and signaling no exclusion of rate hikes. Overall, this exerts certain pressure on market liquidity.

On the chart, BTC has already reacted in advance, accelerating downside after breaking below 73000, currently fluctuating around 70700. In the short term, there is a certain rebound demand here.

If there is a pullback, pay close attention to the 74000 area, which is the pullback confirmation level after the trendline breakdown and a key zone for short-term position reduction and trading.

From a structural perspective, daily chart bearish divergence has formed, and the probability of a rebound top is increasing. Therefore, it is not recommended to blindly chase rallies during the rebound process.

Operationally, maintain patience, trade when the rebound is complete, and if there is a subsequent pullback, pay attention to opportunities at lower levels. At the current stage, focus on controlling positions and defensive strategy.

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