Market Outlook

Small-scale bullish momentum has been realized, and the market could rise to 74,700.
Last night, we observed small-scale bullish signals, believing an upward move was imminent. The current rally has been realized, with Bitcoin $BTC testing the EQH 72,000 range again.
I believe that after breaking the 70,700 resistance, Bitcoin's next target for upward movement is around 74,700. At this level, it may face rejection and decline.
If it breaks through 74,700, the next target range is 77,000-82,000, with 81,000 being a CME gap, so the likelihood of filling it is not low.
The two target levels in the chart were drawn quite early and are still kept on the chart for reference.
This small-scale bullish trend started to rise rather than fall after the battle, and many have already noticed the clues. The most direct signal was the "small-scale bullish" HH HL structure we observed last night. Today, the small-scale bullish momentum has been fully realized.
Despite the market's rise, I want to remind everyone not to FOMO. After the March rebound ends, there is still a high probability of decline to new lows between April and June. This means that in the short term, the focus should be on long positions, while in the medium to long term, the overall trend remains bearish.
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