$BTC Evening Bitcoin Roadmap


If Bitcoin's recent correction is to follow an AB=CD pattern, then this correction has already completed, with point D around 79,232.
If it hasn't completed, there won't be a rebound inside the flag pattern this wave.
Next, Bitcoin will face resistance at the upper boundary of the flag pattern and the 81,672 resistance zone.
Breaking through this zone will lead to testing the previous high again.
If it challenges the previous high but cannot break or hold above it, and instead runs below it, it will be a large retracement.
Because it cannot break or hold above the previous high, a false breakout will occur, forming a double top pattern, so a correction is inevitable.
As long as Bitcoin's correction does not break below the flag pattern and the support at 80,319, everything is fine.
Breaking below the flag pattern and the 80,319 support marked by the red box will destroy the bullish trend, and it will likely retest the lower red arrow support at around 79,500 and the recent low of 79,100.
If this support zone holds, it will continue to consolidate sideways; if not, a new low will come.

Bitcoin with volume breaking above 80,867 should pursue long positions on the right side.
If it drops below 80,391 with volume and then rebounds without reclaiming, pursue short positions on the right side, with proper stop-loss.
On the hourly chart, a break and stabilization above 80,867 targets 81,631-82,800.
If it can't go above 80,867, it’s useless.
On the 4-hour chart, a break below 80,464 targets 79,544-78,777.

On the daily chart, it is hoped that the three candlesticks marked by the red box can close tomorrow and swallow the candlestick pointed to by the yellow arrow on the left.
If they do, the EMA200 will be broken upward along with this engulfing candle.
Staying above the EMA200 on the daily chart means Bitcoin's daily breakout moment is near, provided it doesn't fall back into the range.
Falling back into the range will prevent any upward movement.
$BTC
BTC1.88%
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