Bitcoin Evening Strategy

Bitcoin has been consolidating around the lower boundary of the triangle near 67,600 all day without breaking below. There have been multiple attempts to probe downward with small dips, but the closing prices have consistently stayed above 67,600. This clearly indicates a reluctance to fall.

Since the upward structure isn't complete, the price will continue to rise. A few days ago, the bulls were exhausted; now, the bears are being squeezed out, and then the market will choose a new direction. Isn't this the most comfortable way to trade?

If the price can break through 70,000 in one go, the next target is 70,950. Let's take it step by step.

As long as the pullback doesn't fall below 67,600, we won't see a deep correction. Remember that!

On the daily chart, as long as it can break through 71,640, a formal rebound will begin.

If it can't break above 71,640, expect a wide-range oscillation between 71,640 and 62,680.

Trading Suggestions:
• When Bitcoin volume-breaks above 68,573, go long on the right side.
• If it drops below 67,700 with volume and then rebounds but fails to recover, go short on the right side.

Hourly Level:
Break and hold above 68,690, then target 69,190–70,000. Holding above 68,690 is the starting point for takeoff.

4-Hour Level:
If it falls below 67,840, look down to 66,540–64,730.