7.5W Level "Three In, Three Out"—Are the Bulls Retreating or Building Strength?

📊 Today's Key Data:
• BTC current price: ~$74,280 (is at the middle band of the 4-hour Bollinger Bands)
• Macro positive: Germany's largest bank, Deutsche Bank (Deutsche Bank), has officially announced a partnership with Taurus to provide cryptocurrency custody services for institutional clients. The entry channel for European funds is completely open!
• Sentiment indicator: Greed Index 64. Compared with yesterday’s overheat, the current consolidation has brought the indicator back to a relatively healthy range.
🔍 Today's Deep Dive:
1️⃣ The "Deep Squat" Before the Breakout: To Shake Off the Uncertain Chips
BTC has failed to break through $75,000 for three consecutive days, but that doesn’t mean a reversal. On-chain data shows that in the $73,500 - $74,500 price range, the turnover rate of short-term holders (STH) has hit a new high. As I said before, the 8.8 million floating-loss lots are gradually turning into profit-making lots. The current range movement is to digest these people’s profit-taking positions.
2️⃣ The “Custody Race” Among Institutions Escalates
Deutsche Bank’s entry means that Bitcoin is moving from “alternative investment” into the “standard bank asset portfolio.” When institutions can see their BTC balances directly in their Deutsche Bank accounts, the friction for capital inflows will drop to zero. This explains why, although the overall market is pulling back, the depth (Depth) of $BTC keeps getting thicker.
3️⃣ Momentum and Trend Resonance
Glassnode’s momentum increase of 51.7% is still valid. The current consolidation is a typical “bull flag” structure. As long as the daily close does not fall below $72,800, this trend targeting $80,000 has not come to an end.
📉 Trading Strategy Suggestions:
• Support levels: First support at $73,200, with strong support at $71,800.
• Resistance levels: Strong resistance at $75,500. Once there is an effective breakout, a “vacuum zone” will open up above.
• Trading idea: * Spot: Steady as Mount Tai. Don’t be scared off by a 2% pullback—this is the most normal “de-leveraging washout” in a bull market.
• Contracts: Watch for stabilization opportunities around 7.35W. Due to the news catalyst from Goldman Sachs and Deutsche Bank, the buy-side support below is extremely strong, so it’s not advisable to short blindly.
💬 Interactive Topic:
Germany’s largest bank has also entered—do you think this wave of market action will be led by “European strength”? Leave your views in the comments!
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