$BTC Evening Viewpoint:

Bitcoin broke below the box midline at 75682 on the hourly timeframe, and it also broke below the yellow bullish trend line indicated by the white arrow. According to the box structure, the most powerful support below is the box lower boundary at 73760. With the price channel drawn by the yellow line, Bitcoin has been moving downward along the channel. To stop the decline and rebound, it must break through the price channel and return to trading above the box midline at 75682—in order to stop falling and start rebounding. You can look toward the area near the bullish trend line; only after breaking the bullish trend line can it rise again. It is still in a slow decline, because the price channel is controlling the pace. Once it breaks below the price channel, the decline will accelerate. Keep an eye around 73760 to see whether a bottoming signal appears, then look for an opportunity to go long. If the box cannot hold and gets broken—then the hourly bullish trend will be completely gone, and it’s unknown how long it will take to come back up.

Bitcoin, with volume, broke through 75260; chase longs on the right side to catch the rebound. Bitcoin with volume falling below 74866 failed to recover on the rebound; unable to regain—chase shorts on the right side, with a proper stop-loss set.
On the hourly timeframe, if Bitcoin breaks above 75260 and holds, look up to 76376-77413. If it can’t get back above 75260, it’s useless.
On the 4-hour timeframe, if Bitcoin breaks below 74886, look down to 73856-71899.

On the daily timeframe, Bitcoin temporarily faked a breakout above the resistance at 76308, and now it has fallen back below 76308 to trade again. The original next target after the daily timeframe held above 76308 was 79523; but now that it has fallen back below 76308, you can’t look at 79523 for the time being—the whole plan has been thrown off by Trump. At the moment, the daily support is the box upper boundary at 73648. If it retests and holds at the box upper boundary, the daily timeframe can be supported and the downside will not expand. If the box upper boundary can’t hold and it drops back inside the box, then Bitcoin needs to retest around the daily bullish trend line at 71211. If it doesn’t break below 71211, there is still a chance to push upward. If it breaks below 71211 and trades back below the bullish trend line, then Bitcoin will most likely go through a daily timeframe correction to retest around the box midline at 68330. For now, just pay attention to whether the 73648-71211 range can hold on the daily timeframe—if it can’t, then it’s over.
$BTC