From the daily chart perspective, Bitcoin's short-term rebound above 76,000 shouldn't be chased. The 76,000–78,000 range is a strong resistance zone. 1. 76,000 is the previous high resistance level. 2. Moving further up, it’s about to touch the MA120. 3. The overall trend is still within the downward channel. Therefore, if Bitcoin fails to break and hold above the MA120, it’s likely to experience a pullback after a spike, potentially retesting 70,000 or lower.