Bitcoin Evening Analysis! The key levels have been reached!



Bitcoin's current trend is very clear. The bullish flag pattern has already broken out, and it's now testing the critical resistance at 68,232. As long as volume supports a steady hold here, the next target is directly in the 69,210-70,069 range; if it can't break through, as long as the pullback doesn't fall below 66,658, there won't be a deep correction. This level is a strong support; breaking below it would send the price back into the flag consolidation, with further downside testing around 65,123.

Market signals are very obvious. The bullish engulfing pattern appeared twice at the 662,000 level, which is a clear buy signal. Even if you missed the pattern, once the price breaks the 68,157 neckline and makes a higher high, you should decisively chase the long position—don't wait any longer. Friends around me have already entered positions; even in a bear market, there are opportunities to go long—don't miss out.

$BTC On trading: Volume breakout above 68,157 is a signal to go long on the right side; volume breakdown below 67,503 with a failed rebound is a signal to short on the right side—be sure to set stop-losses.

On the hourly chart, only after breaking above 68,157 can it aim for 69,210-70,069; if it can't get above that, the upward momentum will stall. Once the 4-hour chart drops below 67,505, look for support at 66,448-65,979.

Additionally, there's a potential head and shoulders top pattern on the 4-hour chart. The left shoulder and head are already formed; only the right shoulder is missing, roughly around 70,079. The prerequisite is that it must not fall below 65,167. Breaking this support would invalidate the head and shoulders pattern, and there's no point in expecting a rally. If the right shoulder forms, this is a good opportunity to top out—better to miss a trade than to take a wrong one. The bullish engulfing pattern within the red box on the 4-hour chart is also very important; if the price retraces but doesn't fall below its highest point, the rebound trend will continue. Be patient and wait for the pattern to develop.

Overall, as long as support is maintained, there is still short-term upward momentum. Prepare well for key levels and avoid blindly holding onto positions.
BTC2.63%
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