Bitcoin remains weak and volatile, with a lack of rebound within the range of 73,500-74,800. In the morning session, short positions at 74,600 have been closed with over 800 points profit, currently quoted around 73,800, in a relatively weak zone.



Technically, strong resistance at 74,800-75,000 is evident, with the MA30 continuously pressing down; support at 73,500 below is unstable, and a break below could target 72,500. Rebounds are shrinking in volume, while declines are increasing, with selling pressure dominating the market.

Short-term rebound space is limited; continue to operate mainly with high shorts, watch for resistance near 74,800, and a break below 73,500 may accelerate the downward move.
BTC0.62%
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