The Bitcoin market yesterday was relatively straightforward, with the overall price not forming a large unilateral trend. During the day, it stopped falling around the 72500 level and then rebounded overnight. It tested the 74 position again but came under pressure to fall. Currently, it is consolidating at the 732 position.

On the four-hour level, the Bollinger Band has turned downward. Yesterday, it tested the lower band, was met with resistance, and rebounded, closing with two small bullish candles. Unfortunately, it did not continue to move upward but instead a bearish candle engulfed the bullish ones. In the short term, the market has slightly retreated, but as long as it doesn't break the low, the price will still rebound.

During the day, watching for a pullback near 72500-72800 is bullish, aiming for a breakout around 74000 and looking to break through the 75200 level. The points mentioned are for reference only.

Follow our public account, "How to Ease Worries," solely the analysis blogger Jiang Wei, who values emotional content, providing free trading education. In the turbulent trading market, he offers stability and clear guidance, drawing from experiences of three cycles of bull and bear markets and many years of practical trading. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, compiling unique insights.

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