Afternoon Analysis

Bitcoin surged to 75,998 then continued to close lower, with bullish momentum rapidly fading, forming a clear high-level pullback pattern.

The price has broken below the MA7 moving average, facing resistance below the middle band of the Bollinger Bands, with the KDJ indicator forming a death cross downward and entering the oversold zone, indicating a strong signal for a pullback.

From a capital perspective, signs of profit-taking at high levels are evident, with trading volume gradually increasing as the price declines, indicating insufficient bullish momentum to sustain the rally.

Resistance above is at 74,220 (Bollinger middle band), with support initially at 73,943 (MA30). If this support is broken, the price may further decline toward around 73,000.

Trading suggestion: Short-term rebounds are opportunities to short, with medium-term zones at 74,600–75,000 for shorting, targeting 72,600–73,000.

This advice is for reference only! Actual trading should follow professional guidance!