Regardless of the 4-hour or 1-hour timeframe, the left side shows a clear uptrend. The trend itself has momentum and won't easily reverse. Pullbacks during an uptrend are normal; it's impossible to only go up without any dips. From a technical perspective alone, the pullback has likely ended. Based on a normal 1:1 pullback, it should have dropped to around 68091 to stop the decline, but the market stopped and formed a bottom for a rebound at 70414, indicating this is the end of this pullback phase. • If it continues to break through 72218, watch 73372 above, and then the previous high at 74046 • Breaking the previous high could further target around 75690
Bitcoin Evening Analysis
Regardless of the 4-hour or 1-hour timeframe, the left side shows a clear uptrend. The trend itself has momentum and won't easily reverse.
Pullbacks during an uptrend are normal; it's impossible to only go up without any dips.
From a technical perspective alone, the pullback has likely ended.
Based on a normal 1:1 pullback, it should have dropped to around 68091 to stop the decline, but the market stopped and formed a bottom for a rebound at 70414, indicating this is the end of this pullback phase.
• If it continues to break through 72218, watch 73372 above, and then the previous high at 74046
• Breaking the previous high could further target around 75690
Trading Suggestions:
• Volume-driven breakout above 71848 and holding steady: Aggressive longs
Target: 72273 – 73390, true upside begins after breaking 71848
• Volume-driven breakdown below 70839 with failure to retest: Chase shorts on the right side
4-Hour Level:
Break below 70556, watch 69273 – 68418 below
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