Looking back at this round of market movement, Bitcoin benefited from the geopolitical positive news of easing tensions between the US and Iran, rising from around 70,500 USD to above 76,000 USD, with a short-term increase of nearly 8%, accumulating a large amount of profit-taking.

This wave of upward movement itself requires a correction to clear out floating positions, reducing selling pressure for subsequent rises. The price precisely stopped falling at 73,789.7 USD, which happens to be within our repeatedly emphasized core support zone of 73,700-74,000 USD, and did not break the key structural low of this rally, nor did it break the 15-minute upward trend line.

This "rise - pullback to support - quick stabilization" pattern is a typical healthy shakeout in a bullish trend, aimed at flushing out weak hands, allowing the main funds to acquire more low-cost positions, and building momentum for a new surge.

Trading suggestion: Buy at the current price of 74,326 USD, target around 75,000-76,000 USD, with stop-loss based on your own position size.