Reviewing last night's market action, Bitcoin's movement can be described as a textbook example of "oscillating ascent." With the US stock market opening, market sentiment received a boost, and prices briefly probed higher to 74,100. However, the subsequent sharp pullback to around 73,200 did not trigger panic selling; instead, it quickly stabilized, which fully demonstrates the strength of buying support below.

This "pull-up and step-down" rhythm is a typical signal of bulls controlling the market. It is not simply a one-sided rally, but rather through small-scale rapid washouts, effectively cleared out uncommitted short-term floaters and reduced pressure for subsequent upward attacks. After stabilizing at 73,200, the bulls immediately launched a counteroffensive, with prices showing a healthy staircase-like upward structure, with each step moving very solidly.

Current prices have steadily recovered to around 74,700, which suggests that last night's sharp dip was more like a "bear trap" for gathering momentum. From a technical perspective, the hourly level has already formed higher lows, and the short-term correction is expected to end. As long as prices can hold above 74,500, the next phase will likely continue to test higher levels and seek a breakthrough, with the main theme of oscillating uptrend remaining unchanged. #Gate广场AI测评官 $BTC