Yesterday morning, we clearly indicated a phased approach to a pullback and accumulation strategy. In the evening, Bitcoin's Auntie (a nickname for Bitcoin) rebounded as expected, moving upward by approximately 1,400 points and 50 points respectively; subsequently, the market came under pressure and declined, entering a consolidation and correction phase. Last night, Bitcoin retested near 2,000 points lower, with the current price around 74,000, returning to the lower boundary of the previous consolidation range.

From the market structure perspective, the momentum of this round of short-selling driven decline has basically been exhausted. The key support level at 73,000, which we previously highlighted, was not effectively broken. Currently, the price is oscillating repeatedly in the bottom zone, forming a typical bottoming and repair pattern. Although the short-term technical correction has widened somewhat, it is nearing its end, and the probability of a subsequent rebound and recovery has significantly increased.
Bitcoin's correction is around 73,800-73,000, with an upward target of 75,800-77,500,
Auntie’s correction is around 2,250-2,220, with an upward target of 2,350-2,450.