$BTC Bitcoin surged by 76k, is this wave possibly the top? If you want to trade a rebound, look here.

1. This pullback is very normal. It’s just hitting the resistance at the nearly 3-month high of 76k, which is a normal retracement.
2. The pullback can be used to trade a rebound, but you need to wait for strong support.
The key support is above 72.7k. Around this area, you can take a small long position. Capturing a rebound of more than a thousand points has a very high win rate.
3. Is 76k the top?
Not necessarily—it's not likely to mark an immediate top. More likely, it will first fake a breakout to 78k to lure you in, and then dump. 76k itself is also a very strong resistance.
4. My trading plan:

- Place staggered sell-short orders at 75k and 78k
- The pullback near 76k has already been taken advantage of
- Take partial profit on the 75k short first, then continue shorting on the rebound

5. For longs, only look at the 72.7k–73k support. If it doesn’t reach that level, don’t enter. Don’t chase after it.

Summary: Don’t blindly chase longs. Short at high resistance. Go long steadily when support is firm—make your move when the opportunity comes.