Bitcoin made a significant drop overnight. Is it a trend reversal, or is it a retracement to find support, preparing for a second attempt to rise? I believe the drop is only temporary; the overall trend is still dominated by bullish sentiment, "The south has already set, the north has no end."

Looking at the technical structure, in the four-hour technical chart, the price fell sharply yesterday and has already dropped to a previous starting point. Below is forming a double bottom pattern; if this bottom formation is completed, then the price will welcome a strong rebound. The price movement over the weekend may not show significant changes; it is very likely that the price will consolidate sideways over the weekend and face a counterattack on Monday. Therefore, these two days are still bullish on low entries.

It is recommended to look for bullish moves around the 75,000 level below, targeting around 78,000; for the long term, above 80,000 is fine; this level is for reference only.

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