Position: The red dot in the Bitcoin breakout chart negates the possibility of a direct downward push from the drop at 72, so we look for the continuation of the rebound that started from 60,000, with the first resistance level above at the previous high of 72; Over the weekend, many altcoins have already broken through the high points of the first wave of rebounds, which can be seen as a leading signal. Form: Two views, one is that the rise starting from 65,065 has completed a full small wave 5, the other is that there is still one sub-wave 5 that has not emerged, and the current pullback is sub-wave 4. Indicators: The 1D MACD indicator shows green energy bars, with the fast and slow lines crossing below (a sign of rebound), and the RSI continues to rise, still below the midpoint; The 4H MACD is close to the 0 axis, and the RSI has broken through the midpoint and is pulling back, indicating that the indicators are gradually strengthening. Moving Averages: The 4H EMA21 has crossed above the MA30 and MA60, but has not yet formed a bullish arrangement. The 1D EMA21 today is at 74,140 (this moving average was strongly resisted during the rebound that started at 80,000, considered quite important). The red moving average in the chart is EMA21. Sentiment: Although the market's extreme panic sentiment has eased somewhat, it roughly appears that the long-short divergence is still quite serious. Sentiment is something that is determined by the rear end of the body, and is considered not very useful, after all, we are all in an information cocoon.