$BTC Evening Outlook 📊



Bitcoin oscillated and consolidated throughout the day within the 71376-70068 box range, rebounded after retesting the lower boundary of the flag pattern, confirming that support near 70068 is effective ✅

Current price has reached the key resistance level of 71563:
✅ Only by breaking through this level and standing firm above the previous high do we have a chance to look toward higher prices;
❌ If the breakout fails and the trend stalls, it will most likely retest the 70068 support again.

Key Risk Points ⚠️
Breaking below 70068 will destroy the bullish consolidation range, and subsequent support to test will be at 69571; if it breaks further, it will fall back to the 69571-67339 range for consolidation, awaiting directional choice.

Trading Signals 📈

• Aggressive Strategy: BTC breaks through 71222 on volume, chase longs on the right side;

• Defensive Strategy: 70817 breaks down on volume, if rally cannot reclaim it, chase shorts on the right side, be sure to set stop-loss!

Level Reference 📐

1. Hourly: Stand firm above 71222, target looking at 71789-72567, otherwise rally is invalid;

2. 4-hour: Break below 70578, target looking down at 69625-68729;

3. Daily: Has broken through EMA20 moving average, core resistance is EMA50 moving average, breakout opens daily-level uptrend; retracement does not break below EMA20, overall trend is intact
BTC-2,06%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
CoinFixedProfitTradevip
· 23m ago
1~6~6~4~0~4~1~5~6~1=🐧
Reply0
CoinFixedProfitTradevip
· 23m ago
Volatility is an opportunity 📊
View OriginalReply0
CoinFixedProfitTradevip
· 23m ago
Hop on board!🚗
View OriginalReply0
  • Pin