$BTC Bitcoin Evening Analysis!

Bitcoin just completed a three-wave decline on the left side. According to historical trend patterns, the right side is very likely to replicate a three-wave rally. Currently, market signals are very clear: the bulls haven't given up, and the downward momentum is waning.

The key support at 67,658 is very solid. The price has been consolidating around this level all day without breaking below it. Multiple downward tests only resulted in wicks, and the closing price remains firmly above support, clearly showing no intention to fall. After the decline, a consolidation phase has formed, indicating only a short-term pause; the upward trend is not over yet. A few days ago, the bulls were under heavy pressure, but next, they may first trigger a short squeeze and then choose a new direction.

To continue the rebound, the first step is to break through the resistance at 68,687. This level forms a double pressure with the upper boundary of the triangle. Once broken, it signals a trend breakout, opening up upward space. After breaking through, look at 69,186, then aim for the 70,000 level; if it can stabilize above 70,000 in one go, the next target is 70,951. I won't set overly high targets to avoid everyone forgetting to take profits and ignoring risks—being cautious is most important.

Key point: As long as it doesn't fall below 67,658, there won't be a deep correction. This is the bottom line—must remember.

Trading tips: A volume breakout above 68,573 suggests going long; if it drops below 67,716 with a rebound that can't get back above, go short with strict stop-loss.

On the hourly chart, if it stabilizes above 68,687, look directly at 69,186-70,000; a breakout is a signal to take off.

On the 4-hour chart, if it breaks below 67,839, look down to 66,536-64,727.

On the daily chart, Bitcoin has returned to a triangle consolidation with signs of a breakout. More importantly, a morning star pattern has appeared below, which is a strong rebound signal! A daily morning star pattern indicates a significant rebound potential. If the daily can break above 71,638, it officially signals a rebound; if it can't push higher, expect wide oscillations around 71,638-62,680. Overall, as long as key supports are maintained, the probability of a rebound is very high!