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🍠4/3 Midday Bitcoin Market Outlook
Bitcoin at 65,500 has supported multiple tests without breaking, but the rebound strength has clearly weakened.
Yesterday's pullback was followed by a rebound that was only a false breakout of the lower boundary of the flag pattern, failing to recover the 67,638 resistance.
Currently approaching 65,500 again, if the rebound still cannot break through the previous high of 67,405, support is likely to be lost.
• Break below 65,500 → first look at 64,930, then at 63,832 for a reversal
• Reversal and rebound conditions: return to the flag pattern + break through 67,638
• Range of fluctuation: 66,252–67,300, wait for a breakout/breakdown to determine the direction
Trading suggestions:
• Volume breakout above 66,893 → go long on the right side, target 67,598–68,591
• Volume breakdown below 66,253 → rebound without recovery → go short on the right side, target 65,561–63,810,019,283,746,565,748,392,010,192,837,465,657,483,920,1