Thursday morning outlook: Bitcoin daily chart initially short, watch for a pullback in rhythm.

Overnight market once again staged a short squeeze, nearly wiping out all the bears. Price has been rising from yesterday’s low point, reaching as high as around 74,000. In a short period, it gained 6,700 points, demonstrating strong momentum and clearly boosting short-term bullish sentiment.

From the four-hour structure, continuous bullish candles have pushed the price higher, indicating a strong trend rhythm. However, signs of resistance have appeared near 74,000, and after a rally, a pullback and correction have begun. On the daily chart, Bollinger Bands are opening upward, and moving averages are arranged in a bullish configuration. The trend is not broken, but the current price is at a stage high.

Strength does not mean blindly chasing longs. This position is more suitable for waiting for a pullback and emotional release, rather than jumping in at the emotional peak.

Today, focus on technical pullback correction; do not chase longs at high levels.
Consider trying short positions around 73,000, with a target of 71,500-70,000.
If after the pullback the price stabilizes and the structure does not break down further, then consider riding the trend with low longs.

The rhythm moves in two phases: first, use the high level to create space for a pullback; then wait for support confirmation before re-entering the trend.