#BTC 4.13 Monday Midday Bitcoin Outlook and Analysis

Hold on to your belief in technology and value, keep a lid on impulsive hands and greedy hearts, be cautious in good times, and learn to stay grounded in bad times. You need to believe that as long as the principal is still there, the mindset hasn’t collapsed, and discipline still exists, there will always be a chance to turn things around. Looking back to this morning: the low was 70742, and after rising to 71223, it still remained a pattern that couldn’t hold—an ongoing downtrend that you can’t block. The short position from this morning is still being held.

After Bitcoin broke below the bearish flag pattern, it pulled back to test the 70429 support and then rebounded, but it failed to return to the flag’s range. It only formed an Evening Star pattern along the lower edge of the flag. After that, following a second pullback to the 70429 support and another rebound, it still couldn’t break through the 71445 resistance level. The current key focus is the effectiveness of the 70429 support.
If the support holds, the rebound will continue. To move higher, it needs to stand firm above 71445, so that it can further look toward 72281-73288. If 71445 can be broken, the small double-bottom pattern will be confirmed, and it will return to the flag range, ending the short-term bearish decline. If it breaks below 70429, it will dip toward the 69263 support; meanwhile, the bullish trend from 73799-70429 on the hourly timeframe will be terminated, bringing a deeper pullback.
Before a break, it will likely remain in a tight range of 71445-70429, waiting for a directional decision.

4.13 Monday Midday Bitcoin Trading Suggestions:
- Break out above 71336 with volume; go long on the right side to catch the rebound
- Break below 70659 with volume and the retest can’t be reclaimed; go short on the right side
- Set stop-losses strictly and control risk
- Hourly chart: stay above 71336; targets are 72592-73559
- 4-hour chart: break below 70482; targets are 69279-68249