Bitcoin Evening Analysis!

Recently, Bitcoin has been moving within a fixed price channel, having already experienced three symmetrical upward movements. After pulling back to the upper boundary of the channel, support held. According to historical patterns, as long as this line is maintained, there’s a high probability of another symmetrical rally, with a target around 75,891.

The core bottom line is clear: absolutely must not fall below 70,966. This is the critical line of life and death. If broken, the symmetrical upward structure will be invalidated, and the market could drop further to test the lower boundary of the channel and the 68,936 level. To move upward, a volume breakout above 72,731 is necessary, and it must also stabilize above the previous high of 74,030. Missing either condition means the move is not confirmed.

$BTC In terms of operation: volume breakout above 72,711 on the right side to go long; volume breakdown below 71,860 with a failed rebound to go short, with a stop loss required. If the hourly level stabilizes above 72,711, look for targets at 73,671 and 74,609; if a four-hour candle breaks below 71,699, look for support at 70,830 and 70,177.

The daily chart has already broken out of the consolidation box. Whether it can hold above 71,782 depends on the closing prices over the next two days. Only if it closes consistently above the box will the move be considered valid. After testing the upper boundary of the box, support holds and the price continues upward; if support fails, it will return inside the box for further consolidation. If the daily chart forms an arc bottom pattern, the target is 78,772, but the limit is that it must not break below the midline of the box at 67,193. Breaking this level invalidates the arc bottom pattern. Keep a close eye on volume and key levels, and avoid reckless trading.