Bitcoin Weekly Level May Welcome Technical Rebound, Beware of Deep Pullback After B-Wave Celebration

The current cryptocurrency market exhibits typical wave correction characteristics, and the weekly candlestick has shown signs of bottoming. From a technical analysis perspective, this round of rebound may establish a medium-term resistance zone in the Fibonacci 0.382-0.618 range (corresponding to $91,500-$102,120). This area may become a critical dividing line for bulls and bears.

It is noteworthy that the guiding wedge structure formed at $76,560 is considered a classic textbook case: this pattern has precisely completed the 0.382-0.5 retracement, with the 30-minute candlestick testing the $80,500 support three times effectively, forming a "three-pin bottom" technical pattern. If this defensive line is not breached by the entity, the large-scale B-wave rebound pattern will be basically established.

It is recommended to adopt a composite strategy of "holding core positions + swing trading":

Establish a trend-long core position near $81,500, with a stop loss set below the $80,000 integer level.

Hedge and lock profits in batches at three resistance points of $92,500/$98,500/$102,000.

Retain 30% of the core position to speculate on the space above $90,000, using a trailing stop loss to protect profits.

One must be clearly aware of the complexity of the B-wave structure: it may evolve into zigzag/platform/triangle shapes, and one must be vigilant against "bull-trap" scenarios amid the market's undercurrents. When the weekly chart shows a top formation or a single-day decline of more than 5%, be sure to prepare for a deep pullback in the C-wave; at that time, the market may enter a mid-term adjustment cycle at the monthly level.

The current bull-bear struggle has entered a heated stage, and on-chain data shows that institutional funds are hedging through the options market. It is recommended that investors maintain a "cautiously optimistic" attitude, enjoying the rebound's dividends while remembering the trading discipline of "not holding positions at high levels, exit immediately upon breaking levels." Historical experience shows that B-wave rebounds in bear markets are often the most tempting dangerous games.