The digestion period after the breakout is it a bull correction or a trap for shorting?

In the past 24 hours, Bitcoin showed a typical sharp rise followed by a pullback pattern: an immediate surge in the morning, narrow fluctuations during the daytime with minimal retracement space, and a solid bullish structure; in the evening session, it moved in tandem with the US stock market, further gaining strength, reaching a high of 76,120, but then tested 75,600 twice and faced resistance both times, with short-term resistance at high levels clearly evident, ultimately falling back to the 73,700-74,600 range for consolidation.

Regarding volume structure, the previous stepwise increase relied on strong buying support, with shallow retracements and rising highs, indicating a healthy bullish trend; however, after continuous resistance around 76,000, volume failed to expand in tandem, showing a decline in upward momentum.

Looking at macro trends, expectations for US-Iran talks are warming, risk appetite is fully returning, a large number of short positions are being liquidated, creating a short squeeze effect, institutions continue to deploy, and ETF capital inflows are improving. Overall, we still favor a continuation of the rebound after a correction, with high positions as the main focus and lower positions as a supplement.

Reference suggestions:

Pull back to 73,800-74,200 to add long positions, stop loss at 73,000, target 76,000.

If a rebound to 75,500-76,000 encounters resistance with increased volume, consider a light short position, aiming to profit from a pullback near 74,000. $BTC #加密市场回升