$BTC Bitcoin Evening Silk Road and Suggestions

The day has only a few hundred dollar fluctuations, with a false break below the triangle and a rebound in the middle, indicated by the white arrow below. This false break and rebound formed an isolated low point, indicating support below; otherwise, an isolated low wouldn't form. The support below is at 70242. Even if Bitcoin has retested this support, it’s just a slight fake retest. The retest confirmed the support is valid and the rebound has begun.
Currently, the resistance above Bitcoin is at 71412. As long as Bitcoin can break through this resistance, the triangle will be broken out naturally, and we can continue to look forward to the previous high nearby.
Look at the MACD on the hourly chart circled in the red box; it shows no divergence, so this upward move probably isn’t finished yet. Also, the yellow line segment pointed to by the red arrow below should normally connect from the starting point of the rally to the highest price. We don’t connect to the highest price, leaving some space, only connecting to the body. The 1:1 upward target is most likely around 74896, possibly higher.
Although the 1:1 target is known, it won’t be reached in a single green candle. It will fluctuate back and forth before finally reaching the ultimate target around 74896. It depends on who can hold on until the validation!

Bitcoin, with volume, breaks through 71276 on the right side, and missing the long entry now is a missed opportunity—don’t force a buy-in because I need time to write the post.
If 70369 with volume drops below and then rebounds without recovery, it’s a sign to short on the right side; set a good stop-loss.
On the hourly chart, Bitcoin breaks above and stabilizes at 71276, aiming higher at 72164-72850. Breaking 71276 means it’s ready to take off.
On the 4-hour chart, a break below 70678 points downward to 69584-68262.

On the 4-hour chart, Bitcoin has been operating above the Fibonacci 38.2% level. As long as the pullback doesn’t fall below 38.2%, the 4-hour bullish trend won’t continue downward. If it breaks below 38.2%, the bulls will weaken, and the market will look toward the 50%, 61.8%, and 78.6% levels downward.
As long as Bitcoin stays above 38.2%, the bulls will remain strong, waiting for a breakout. Pay attention to volume changes.
If you can’t find a suitable opportunity, leave a comment in the 👀 comment area.
$BTC