BTC continued to rise in the evening, indicating that the bulls are still very strong. Why is there a pullback after the rally? That is because the price touched the previous high, forming a double top to test pressure. A pullback is inevitable. Moreover, to break through new highs, a pullback and consolidation phase may occur.

So from the four-hour timeframe, this wave of bears should experience some pullback, then bottom out and rebound. After all, on the weekly K-line, the larger timeframe still shows an upward trend, and volume is increasing.

In the evening, look for a bullish move around 73,800-73,500, with a target near 76,000. If broken, then it can aim for around 77,800.