Bitcoin experienced a significant drop yesterday, falling over 5000 points, catching many bulls off guard. Jiang Wei has also been thoroughly educated during this wave of retracement.

The price of Bitcoin dropped overnight, hitting a low of 73000 before rebounding, and is currently in a consolidation phase around 76000. From a four-hour perspective, the price is still operating in the lower-middle range, and the bulls have not yet shown complete upward momentum. However, this wave of retracement has not continued to decline, indicating a potential short-term rise.

On the daily chart, the candlestick is currently at the bottom. Without strong volume from the bears, the price is likely to rebound. Even if the bears continue to push down, they will have to wait for this rebound before any further decline.

In the evening, the strategy for Bitcoin can refer to going long directly at the 76000 level, with a target looking towards breaking through 78000 and aiming for 80000.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. Free trading education is shared, bringing stability and clear guidance in the turbulent trading market, with experience spanning three cycles of bull and bear markets and years of practical trading experience. Proficient in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, wave theory, and other technical analyses, culminating in unique personal insights.

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