⭐ Bitcoin Market Update

Bitcoin's daily close this morning was at 73,617, with the price near the lower band of the channel, showing a lower shadow, temporarily indicating a halt in the decline. Not closing below 72,800 is not too bad, but this should not be simply seen as a reversal signal; rather, it is more of a technical correction brought about by short-term profit-taking in a bearish phase.
From the volume structure, the rebound lacks volume, and there is increased selling volume. The first resistance above is in the 74,200-75,000 range, which is a previous small platform and moving average resistance zone. If the rebound cannot effectively break above this, the daily chart structure remains bearish.
On the 4-hour chart, the price found some support at 72,500, indicating a 4-hour descending channel. It has not yet broken through the previous high of 74,200 and is currently consolidating between 73,300 and 73,800 in the early trading session. The short-term momentum on the 4-hour chart has been somewhat repaired but is not yet strong.
Resistance above: 74,200-75,000 area, with strong resistance at 76,000
Support below: 73,000-72,500 area
Today’s outlook: Still in a bearish trend. When the price reaches key support zones with support, consider going long; continue to short on rallies.