Early morning market conditions are completely consistent with yesterday's live forecast: Bitcoin retraced to the 72,400 level to confirm support and then rebounded as expected, reaching a high of 74,000 before stopping. It then entered a new round of decline, with the current price falling back to around 72,700. This wave of rally fulfilled the bullish outlook, but the rapid pullback after the high also indicates short-term momentum exhaustion, signaling a change in market rhythm.

From a technical perspective, the rise to 74,000 this morning is a typical 4-hour "false breakout" — the price briefly pierced the previous high and quickly retreated, forming a bull trap of "breaking high then falling." Currently, the MACD histogram shows signs of a potential death cross, with upward momentum waning as volume decreases during the rise and increasing during the decline, suggesting selling pressure is intensifying. The support level at 72,400, established early this morning, will face another test. If this level is broken, the correction space could further open up to the 71,800-71,500 range.

In terms of trading strategy, it is recommended to shift to a cautious and slightly bearish mindset: intra-day, consider gradually shorting in the 73,000-73,200 range, using the early morning high of 74,000 as a stop-loss. The first target is the support at 72,400; if broken, hold for a move down to 71,800. Under the "break high then fall" structure, avoid blindly going long. Following the trend with high short positions is currently a higher-probability approach. #加密市场上涨 $BTC