April 6th Basic Bitcoin Ideas for the Afternoon

In the hourly timeframe, the standard 123 reversal pattern appears: first breaking through the downtrend line → retesting without breaking the new low at 66,465-66,225 → making a new high, reversal is formed. But above around 69,321, a falling star line appears + large volume stagnation: volume increases but only a false breakout, no significant rise, bullish momentum unable to push through, facing strong resistance.
A healthy approach is to first retest 67,845-67,418 then move upward; directly pushing above 69,356 is difficult, bearish liquidity above is limited, avoid being caught in a rapid upward trend.
Trading Suggestions:
Volume increases and stabilizes above 69,356, follow long positions on the right
Retest 67,993 for long positions, stop loss below 67,000
Volume increases and drops below 68,760, rebound does not return → follow short positions on the right
In the hourly timeframe: stabilize above 69,356 → watch for 70,531-71,419
In the 4-hour timeframe: drop below 68,687 → watch for 67,863-66,598
$BTC
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