There is no ceiling, only higher levels. Bitcoin continued its bullish trend this morning, surging unstoppably and reaching a high of 76,000 at the round number level. Subsequently, it faced selling pressure and pulled back into a correction phase, currently trading back around 74,300. We continuously deployed two long positions from midnight through early morning, following the bullish momentum throughout, and have accumulated over 2,000 pips of profits locked in. In contrast, Ethereum's trend has been relatively weak, with a morning rally followed by overall consolidation. Volatility has clearly converged with no strong continuation.
Bitcoin has currently entered a critical node. 76,000 was the high point I anticipated for this rally phase. Testing this level prematurely without achieving a stable breakout has planted certain risks. From the current pullback rhythm, the magnitude and speed of the adjustment have exceeded conventional technical correction ranges. The key focus going forward is whether the 73,000–74,000 zone can effectively hold as support and stabilize. Operationally, it is recommended to focus on light positions for short-term trading, with emphasis on observing the absorption capacity below, while guarding against reversal risks.
For Bitcoin trading around 74,000, watch 75,200 on the short-term upside. Ethereum can follow along similarly; manage your position size and maintain proper stop-loss protection. $BTC #Bitcoin breaks through $75,000