【CME Gap Near 80,000, Where Will This Round of Rebound End?】

Previously, it was analyzed that Bitcoin would first test the previous low support at 62,510. The lowest retracement was to 63,030, just holding the line, without a significant breakdown, avoiding a pessimistic scenario.

Whether it falls or not is a strong signal
Relying on the previous low support, the bulls quickly organized a counterattack, pushing Bitcoin back up to around 70,000.

Currently, the price is approaching the short-term resistance zone of 69,000–70,000. From the 4-hour structure, it has broken through the upper edge of the triangle, accompanied by increased volume, indicating a higher probability of a successful breakout.

However, whether it can truly stabilize above 70,000 still depends on the daily closing situation.

In terms of expected rhythm, the more ideal movement is:
First, retest the upper edge of the triangle near 67,900, and confirm support without falling back inside the triangle, then continue upward.

Upper resistance levels are also relatively clear:
• The first target is in the 73,000–74,000 range, which has been repeatedly mentioned before and faces considerable pressure;
• Further upward is the CME gap at 79,660–81,210, where there will be very strong selling pressure.

Personally, I believe this gap area is unlikely to be filled in one go and is more likely to become a stage endpoint for this rebound.

From a cycle perspective, the monthly chart has rarely shown five consecutive down days, and there is a high probability of a positive close in March.

Therefore, there is no need to panic excessively. Be patient and look for swing trading opportunities after retracements, and remember not to chase rallies or sell in panic.