Bitcoin Evening Outlook

Bitcoin's recent hourly rebound, measured by the AB=CD pattern, has precisely reached the D point target of around 69,321. The current rebound is essentially complete. The price is now pulling back to the upper trendline of the flag pattern. If it stabilizes without breaking below, a breakout above the previous high of 69,321 is needed to further target 70,618; if it breaks below the flag's upper trendline, the first support test will be at the neckline of 67,534. If this support holds, expect consolidation between 69,321 and 67,534. If 67,534 is broken, the price may continue to retrace toward the lower flag boundary near 66,409.

Currently, the three declining candles during the pullback show decreasing volume, indicating limited downside space and difficulty in expanding the decline. The key support for the hourly bullish trend is at 66,409. As long as this level holds, there is still a chance for a rally. A confirmed break below this level would signal a trend reversal.

Trading Suggestions:
• A volume-supported breakout above 68,808 can be followed on the long side, targeting 69,456-70,420. If it cannot hold above 68,808, the upward move is invalid.
• A volume-supported breakdown below 68,315 with a failed rebound can be shorted on the right side.
• 4-hour level: a break below 68,060 targets 67,339-66,397.
$BTC #四月行情预测