Bitcoin continues a persistent choppy upward structure. The 63,800 wick that was watched yesterday pierced, but it did not break below, and price continued higher to make a new high. The lows have kept rising, the highs have kept being broken, and the 4-hour structure remains biased toward bullish strength.



1) Here, it’s not recommended to chase a long directly. Instead, wait for a pullback. Enter a long with 63,800 as the valid stop-loss level.
2) The current move is low-volume upward on a smaller timeframe. Wait for a volume-backed breakout, then a retest. The target for this move is above 67,000.
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YearnTurtle
· 6h ago
This up-and-down rebound structure is quite healthy; the swing lows are rising, and a breakout has set a new high. However, the lack of volume in the rally does call for caution. It’s recommended to wait for a volume-backed breakout, then pull back to confirm—this is more reliable. The target above 67,000 should be fine, but make sure to take profit in batches.
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PlanBModeler
· 6h ago
Wait for a pullback near 63,800 to enter, and trade steadily.
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