The overall market trend of Bitcoin is now clear at a glance. The complete reversal pattern of the head and shoulders is approaching full formation and closure. The medium- to long-term bullish rally is about to reach a turning point, and all signs of a trend reversal to the downside are fully active.

Currently at a critical turning point, anyone blindly following the trend with heated brains and chasing longs is essentially willingly giving large funds in the market high-positioned support and handing over chips.

On the four-hour chart, the entire session is under strong pressure, with the upper Bollinger Band acting as resistance, locking in the upward space. All seemingly fierce rebounds and rallies are deliberately manipulated to deceive retail investors into holding long positions and creating a false illusion of a breakout to new highs, serving as fake inducements to buy the dip and protect the market.

The main players' harvesting tactics have never changed: first, they repeatedly push prices up slightly to boost market bullish sentiment, then when retail investors all blindly chase the rally and go all-in long, they suddenly and rapidly crash the market downward, leaving no room for retail investors to escape or hedge.

For Bitcoin around 76,000-77,000, a bearish trading suggestion is: look down to around 75,000-74,000.