Yesterday's Bitcoin pullback continued with intraday rebounds, and small-level gaps have been perfectly filled. As the breakout gap from the previous bottom, its performance after completion is a key signal — the intraday morning rebound confirmed that the market's current strong repair properties, and also declares that the risk of "decline ending" has been temporarily lifted.

🔍 Core Structure Analysis

The current market presents a typical wedge consolidation pattern, with the major uptrend bias unchanged, but the process will be extremely repetitive.

1. Key Resistance Conversion: 71500 is the intraday core dividing line. If it breaks through and stabilizes at this level, the original resistance logic becomes invalid, and bearish views should not be considered today. This should be directly viewed as the neckline breakout of an inverted head-and-shoulders formation. If it stabilizes, it will open upside space.

2. Target Zone and Resistance: The short-term rebound's primary target points directly at the 72500-73000 gap zone. This is the convergence point of previous remnant resistance and psychological levels, with a high probability of forming a secondary high and triggering a new round of downtrend structure. Breakthrough means continue bullish.

3. Short-term Support and Entry Points: The 70000 round-number level below is strong support. If intraday retracement touches this level and is supported, it will be the entry point for a trend-following long recovery move.

🚀 Today's Execution Strategy

- Main approach: Primarily long on dips, secondarily short on bounces, strictly execute range trading.

- Long position plan: Enter after pullback stabilizes near 70000, target 72000 level, breakthrough target 74000 level.

💡 Trading Wisdom

The current market lacks continuity and shows rapid yin-yang alternations. Avoid blindly shorting during one-sided strength. Must strictly follow the "double confirmation" principle: don't short before the bulls reach the previous high, don't short before the bears break support. Wait for price action to give clear signals before acting, only then can you navigate this bull-bear confrontation steadily.#BTC #ETH