$BTC Crypto Analyst: Bitcoin's 3.17 Main Uptrend Remains Valid, High-Level Consolidation is Accumulation, The Longer the Washout, The More Violent the Rally? Latest Market Analysis and Trading Ideas

Bitcoin is now at 74000, the previous high is within reach! Those who went long have already made substantial profits; those still bearish should wake up. You can look through my posting history—I've been reminding everyone to go long for over ten consecutive days. Now looking back, those who said it would fall further and had topped out must have lost face! From the panic bottom of 59800 all the way to 74481, this trend is crystal clear. I repeatedly emphasized that pullbacks are buying opportunities. Brothers who followed along are now sitting on full profits, while those still hesitating and bearish can only watch others profit—this is the cost of knowledge gap!

From the daily chart perspective, after touching bottom at 59800, it rebounded all the way to 74011 Fibonacci 0.786 resistance level. Current price has already approached the 74000 round number. This is such a clear W-bottom plus ascending flag formation with solid bottom structure—this is a typical bull market pullback reversal pattern, not a short-term rebound. MACD is showing volume and accumulation with DIF and DEA launching an assault on the 0-axis. Once it breaks through the 0-axis, bullish momentum will completely explode. The Bollinger Band middle band has turned upward; after the main force stabilizes on the middle band, downside space becomes extremely compressed with no hope of going down in sight—can only follow the trend northbound.

On the 4-hour chart, after pulling back from 74000, it bottomed repeatedly in the 72000-73000 range and has now stabilized on the Bollinger Band middle band. EMA has formed a perfect northbound alignment with long-term moving averages flattening out and turning—the downtrend has completely ended and the northbound trend fully controls the market. MACD is golden-crossing above the 0-axis; while red columns are contracting, they haven't been exhausted. KDJ is golden-crossing upward around 50, indicating the short-term pullback is merely a rest during the uptrend, not a top. So as long as pullbacks don't break support near 72000, the northbound trend won't reverse!

Short-term reference ideas: Markets have no certainties, so always use stop-losses—safety first. Small losses, big gains is the goal.

Downside: 72500 to 72000 go north, stop-loss 500 points, target 73500 to 74000, breakout target 74500

Upside: 74500 to 75000 go south, stop-loss 500 points, target 74000 to 73500, breakout target 73000

Crypto market follows: "Early believers eat meat, late believers drink soup, unaware believers become bagholders."

Those who dared bottom-fish at 59800 and held at 71000 are already making bank; those still hesitating and bearish will be slapping their thighs when it breaks 75000! Real profits come from unwavering belief in the trend. Don't get shaken out; hold tight—the next main rally wave is about to come!

Specific operations should be based on real-time market data. For more information, you can consult the author. Articles have publishing delays, recommendations are for reference only. Risk disclaimer applies.