Bitcoin Evening Technical Analysis and Recommendations

Bitcoin has broken through the triangle pattern on the hourly level, with the resistance level at 71490 right in front of us. As indicated by the white arrows, there have been 3 attempts to break through the 71490 resistance level, all unsuccessful so far. However, as long as Bitcoin maintains its position at the upper boundary of the triangle, breaking through 71490 is just a matter of time. Only by breaking through 71490 can we look toward higher positions and exit the consolidation zone of 71490-68825 to continue consolidating at higher levels. Looking at the two red line segments pointed out by the white arrows below, following a 1:1 movement pattern, the target position for this rebound is around 73077. However, there is a prerequisite: 71490 must be broken through, otherwise the 1:1 upward movement won't materialize. For those holding long positions from the bottom who can reach the 1:1 target position, remember to reduce positions before speculating on higher levels. Once Bitcoin falls back inside the triangle and consolidates, it will retest the support at 70057 below. If 70057 holds, it will consolidate between 70057-71490 with another chance to break through 71490. If 70057 breaks down, you will see 68825 again. No matter how Bitcoin pulls back, as long as it doesn't break below 68825, this uptrend in the 71490-68825 range hasn't been destroyed. If this consolidation zone breaks down, it will return to where it came from, and this uptrend will end, waiting for students will be 67307.

Bitcoin with volume breaks above 71188, go long on the right side; 70506 breaks down with volume, resistance becomes impossible, go short on the right side with stop loss.
Bitcoin hourly level breaks through and stabilizes above 71188, look up toward 71869-72551. Breaking above 71188 is essential.
4-hour level breaks below 70405, look down toward 69224-62128.

Bitcoin 4-hour level is currently holding at the Fibonacci 38.2 position. The resistance level to face above is the Fibonacci 50 level corresponding to price 71691. Breaking through the 50 level allows viewing the 61.8, standing firm at 61.8 allows continuing to look toward the 78.6 position. Before breaking through 78.6, all upward movements are only rebounds. Standing firm at 4-hour level 78.6 is when we can see a 4-hour level reversal. Pay attention to volume changes.
The above is only personal advice, for specific positions please refer to Sister Lin's layout $BTC