April 8th Midday Bitcoin Public Strategy

Bitcoin remains in a triangle range with tight oscillations. The market shows frequent spikes. The key resistance is at 69,900; a breakout above this level could push towards 71,800, and further above that could challenge 73,100. Support is at 68,300; a breakdown below this could target the neckline at 67,300. If the neckline is broken, the price may revisit 65,780. Weekend trading is expected to be extreme, likely involving narrow consolidation or large volatility. The current range is expected to be 69,950-68,350.

Trading Suggestions:
• Enter long positions on a volume breakout above 69,900, with a good stop-loss setup.
• Enter short positions on a volume breakdown below 68,750 with a failure to rebound, with a good stop-loss setup.

Level Targets:
• Hourly Chart: Break above and hold at 69,936, targeting 71,000-71,700; if unable to hold, expect continued oscillation.
• 4-Hour Chart: Break below 68,700, targeting 67,300-66,150.