Bitcoin is under pressure at the 76,000 level and has pulled back, trading back and forth with 73,000. We provided a short entry near 75,500 in the early session and another near 73,400 in the evening. Our premium short positions paired with longs have been profitable with gains of over 3,000+ pips.

After the U.S. session, there was a small rally followed by a pullback. The overall trend remains relatively stable. Whether this is a technical correction after a major rally or a trend reversal is debatable, but I believe we haven't reached the top yet...

The wave swings back and forth, with the 73,000 support below remaining strong, while 76,000 above is exactly the weekly moving average resistance level I mentioned earlier. So at this stage, we can still view it as a high-level consolidation.

For the overnight session, you can take a light short position near 7.45, but we're not considering long entries for now. If the entire overnight session doesn't break below 7.38, then short positions should be exited in time. $BTC