BIT Trading Moment: BTC inverse head-and-shoulders breakout reaches $77,000 target; market debates whether the bear market is over as Strategy leads US after-hours gains
- Bitcoin rose for five straight days and was up more than 23% on the week, completing a technical rebound from the June low.
- The daily inverse head-and-shoulders pattern broke out after BTC cleared the $66,000 neckline and moved above the 100-day, 200-day and 300-day moving averages.
- Price reached nearly $77,000, meeting the pattern's technical target, while traders now focus on whether the $72,000-$75,000 area can turn into support.
- Some market participants said the move may mark the end of the bear market, while others said BTC still needs stronger weekly confirmation above key moving averages and support levels.
- In US after-hours trading, crypto-related stocks led gains, with Strategy among the strongest names; Coinbase and Circle also rose, suggesting a positive near-term read-through for crypto equities.
Bitcoin extended its recent rebound, rising for five consecutive sessions and gaining more than 23% over the week. The move followed a breakout from a daily inverse head-and-shoulders pattern that had formed since the June low.
According to the report, the key neckline was around $66,000. After BTC cleared that level and moved above the 100-day, 200-day and 300-day moving averages, price advanced to nearly $77,000, which is close to the pattern's measured target.
The market is now focused on confirmation rather than the breakout itself. Traders are watching whether the $72,000-$75,000 region can become support, with the $66,000-$67,000 area also seen as an important floor if prices pull back.
Views remain split on the broader trend. Some market participants argued that the bear market may already be over, while others said BTC still needs stronger weekly closes above key averages to rule out a bear-market rally.
In after-hours US stock trading, crypto-related names led gains, with Strategy among the strongest performers and Coinbase and Circle also higher. That points to a positive short-term market read-through for crypto stocks, while the broader impact on BTC remains bullish but not yet fully confirmed.
BIT交易时刻：BTC头肩底突破完成7.7万美元目标，市场热议熊市是否结束，Strategy盘后领涨美股
比特币延续了近期反弹，连续五个交易日上涨，周涨幅超过23%。这轮上涨对应的是自6月低点以来形成的日线头肩底形态突破。
报道显示，关键颈线位在6.6万美元附近。BTC突破该位置并站上100日、200日和300日均线后，价格一度接近7.7万美元，基本达到该形态的测算目标。
市场现在关注的重点已经从“是否突破”转向“是否确认突破”。交易者在观察7.2万至7.5万美元区间能否转化为支撑，同时也把6.6万至6.7万美元视为回调时的重要支撑带。
对于更大级别趋势，市场看法仍然分歧。部分人士认为熊市趋势可能已经结束，但也有人指出，比特币仍需在周线层面站稳关键均线，才能排除只是熊市反弹的可能。
在美股盘后交易中，加密相关股票领涨，Strategy表现最强，Coinbase和Circle也走高。这意味着该消息对加密股短线影响偏利好，而对比特币本身则偏多，但仍需后续价格确认。