Evening Bitcoin Strategy

Bitcoin's recent surge in the early session seemed fierce but was actually a false strength. After spiking higher, it quickly pulled back, indicating that the bulls lack sufficient momentum.
Subsequent two rebounds saw progressively lower highs, with the last attempt resulting in an isolated high, suggesting significant resistance at the upper boundary of the triangle.

Key point: None of these upward attempts produced a solid candlestick closing above the triangle's upper trendline, so-called strong momentum cannot be justified.
Don't blindly chase after large bullish candles; always observe the closing position of the candlestick.

For Bitcoin to truly strengthen, it must break through 2009 with increased volume and simultaneously overcome the triangle's resistance. Only then can we expect a move toward around 2046. Otherwise, there's no basis for a rally.
Currently, the trend shows no signs of breaking out; instead, there is a risk of breaking down.
If the lower boundary of the triangle is lost, the previous low of 1966 is unlikely to hold, and a break could lead directly to 1928.

Trading suggestions:

• Break above 2011 with volume → Enter long on the right side to catch the rebound

• Break below 1992 with volume → Enter short on the right side following the trend
Closely monitor volume throughout, strictly adhere to stop-loss rules.

Target zones:

• Break above 2011 → Aim for 2046–2092

• Break below 1990 on the 4H chart → Target 1936–1908