$BTC Bitcoin Evening Strategy

Tonight, Bitcoin is expected to drift within a small "fish tank," fluctuating between 68083 and 69286. Without breaking through the tank walls, there’s no clear direction. It’s like a fish bumping around in its nest—no biting, no rushing out. If you rush to fish now, you'll only end up with empty hooks or snagged lines.

Currently, the hourly chart’s highs and lows are gradually moving downward. Rebounds are unable to break out of the range, so don’t look for higher levels. Once it falls below the lower boundary of the range, it will test the key support at 67338. If support holds, the market will continue to oscillate within the big range; if it breaks, it could move toward the deeper zone of 66038–65298, with increased risk.

Many ask if there’s any trading opportunity in this thousand-point range of sideways movement. The answer is simple: knowing it’s a consolidation zone, why trade frequently? It’s like fishing—if the fish aren’t biting or in the nest, repeatedly pulling the rod or changing bait will only scare the fish and waste your line. Wait until it truly breaks out of the consolidation zone, then act with more confidence.

For short-term trading, focus on volume signals: a volume-driven breakdown below 67992 that fails to recover on a rebound suggests short positions on the right side; a volume breakout above 68150 indicates chasing longs to catch the rebound, but be sure to set stop-losses and avoid greed.

If the hourly chart stabilizes above 68593, there’s a chance to push toward 69228–70135. Without holding above this level, any rebound is just a false move. The 4-hour chart’s failure to recover after dropping below 68087 indicates a continued correction, so watch the range of 67262–66071.

On the daily chart, be even more cautious. The current pattern resembles an M-top, with the neckline at 65845. If it breaks below this level effectively, the M-top pattern is confirmed, and a retest of the previous low is highly likely. Those holding long positions at the bottom should consider exiting at this level—don’t stubbornly hold against the market.

In summary: tonight, Bitcoin is in a “nesting oscillation—fish not biting” phase. Control your hands and wait for a breakout. Don’t trade within the range unless it breaks; follow the trend after a breakout. Keep a close eye on the daily neckline at 65845—protecting your principal is more important than chasing small gains.