🍋4.4 Midday Bitcoin Market Outlook

Bitcoin has been fluctuating throughout the day without a clear direction. Such prolonged sideways movement often indicates that a major trend is about to emerge.
From a structural perspective, neither of the previous two upward waves reached the target gains of 1:1: the first should have rebounded to 68111 but fell short; the second was expected to surge to 67385 but also failed to reach it. Both upward moves did not meet expectations, suggesting that the current consolidation within the red box is likely nearing its end.
After this phase, a pullback is highly probable, but only if certain conditions are met: a break below the flag pattern will test the support at 65665; if 65665 is broken, the price could further decline to the previous low of 64930 and the new low of 63832.
If the flag pattern and 65665 hold, the market will likely continue oscillating within the range until a clear direction is chosen.
To initiate a rebound, a successful break above 67319 and a new high are necessary; otherwise, the upward potential remains limited.

Trading Strategy
• Break above 67020 with increased volume to chase long positions and catch rebounds
• Break below 66662 with increased volume and fail to recover can be used to chase short positions
Strictly set stop-loss orders.
• Hourly chart: Hold above 67020, with resistance at 67915-68623
• 4-hour chart: Break below 66471, with support at 65603-64983
$BTC
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