$BTC Evening Bitcoin

Bitcoin, after reaching a high of 82,800, did not continue to rise, nor did it stay above the 82,192 support level. Instead, it turned around and retraced directly, breaking below the 82,192 support and re-entering the flag pattern. After falling back into the flag pattern, there were two upward rebounds attempting to break through the flag and return above the 82,192 resistance, but they failed, as indicated by the red arrows above. Because the rebound failed, the price retraced to the 80,885 support level. If the rebound had succeeded, there would have been no retracement to 80,885, and it would have continued upward.
Currently, the white arrow points to the first retracement to the 80,885 support, confirming the support is valid and starting to rebound. The rebound only reached the isolated high point indicated by the yellow arrow above, around 81,700.
Now, it is the second retracement to the 80,885 support. If this support holds, the price can rebound again. However, this rebound must break through the isolated high point indicated by the yellow arrow above, creating a higher high. Without breaking this isolated high near 81,700, the upward trend cannot continue, and the price will face resistance again at 80,885, leading to a third retracement. Most likely, it will break below the 80,885 support.
If it breaks below 80,885, the flag pattern will also be broken, and the price will fall to retest the 79,590 support. Currently, the best scenario is for Bitcoin to stay within the flag pattern. To continue rising, it must break through the isolated high near 81,700. Once it breaks this high, the flag pattern will be broken with the trend, and the price will return above the 82,192 resistance, giving a chance to reach the previous high. Otherwise, there is no opportunity.

Bitcoin with volume breaks above 81,539 and continues to buy on the right side.
If it drops below 80,782 with volume and rebounds but cannot recover, it indicates a continuation of the short position—set a good stop-loss.
On the hourly chart, a break and stabilization above 81,539 suggests a move toward 82,192–82,800.
If it cannot go above 81,539, it is useless.
On the 4-hour chart, a break below 80,747 points downward toward 79,779–78,629.

On the 4-hour chart, a bullish engulfing pattern appears above the yellow arrow, indicating a rebound demand for Bitcoin on the 4-hour timeframe. However, the current candlestick pattern is not very good; it is actually reversing the previous bullish engulfing pattern downward.
If the current candlestick closes below the yellow bullish trend line indicated by the white arrow below, that trend line will be broken.
Breaking this yellow bullish trend line means Bitcoin on the 4-hour chart will retest the upper boundary of the box. Staying above the upper boundary is fine; falling back inside the box indicates a wave of 4-hour correction.
$BTC