Bitcoin surging higher—where is the end of this rebound?

The current market trend is very clear. Bitcoin is in the ninth uptrend wave of the central pivot, with the pattern unchanged and the trend unchanged! Recently, I've been emphasizing that as long as the key support zone of 68,000 at the lower triangle area is not broken, all operations in the near term should focus on low-level long positions. Currently, the daily chart is releasing upward momentum very powerfully and continuing the extension. This type of slow uptrend is a healthy gradual appreciation pattern, and market sentiment has eased while spot ETF inflows remain continuous. The follow-up breakout only needs a catalyst. The high point of this rebound remains set at 79,000, and I've already released the Gann analysis earlier which you can review.

Looking at today's action, Bitcoin delivered solid upside momentum intraday. There should be quite a few traders shorting at the 71-72 level. Even I couldn't resist and shorted one contract near 715. The lowest point touched 70,920 but I didn't choose to exit, ultimately hitting the stop loss at 72,000! For brothers trading short recently, still bring proper stop losses and define winners by losses to avoid being locked in and unable to operate subsequently.

Returning to the follow-up market, for short-term traders, I don't recommend directly chasing highs. What we need now is to stay in cash and wait for an intraday third-buy structure to appear before establishing long positions. There are many opportunities to go long—don't rush to lock one in. The market and opportunities come from waiting! If the follow-up doesn't break the central pivot on retracement, then when the standard intraday third-buy structure appears, the bullish momentum will be very strong! For friends wanting to short, personally I'll establish short positions near the previous high of 73,800, with stop loss set at 74,800. Remember, since the nine-wave central pivot uptrend structure hasn't completed yet, it's recommended to exit short positions in time if profitable! #BTC #Gate广场AI测评官 $BTC