$BTC Cycle repetition, Bitcoin soared last week, with the price directly reaching the 78,000 level. It encountered resistance at the weekly K-line midpoint. Unexpectedly, on Saturday and Sunday, the two days did not give the bulls a chance for a rebound, and the price directly moved up to around 74,000.

From this performance, it can be seen that the price still maintains a oscillating pattern for participation; do not over-trade by chasing highs or selling lows. Currently, on the daily chart, two consecutive bearish candles indicate that there is still very strong volume. The price is now at the end of the triangle range pattern, and the rebound can still be viewed as bearish.

Intraday, focus can be maintained on the 75,000-75,300 area for further downside, with the target looking towards the middle support of the daily median line at around 72,500. The specific levels are for reference only.