🍍4.2 Midday Bitcoin Outlook

Bitcoin failed to break through 69,326 after two attempts, forming a double top pattern. With some downside pressure, it first retested the lower boundary of the flag pattern support. The rebound failed to break above 68,545, so a short position was taken near 68,200. Following Trump’s speech, the price sharply broke through the flag zone, losing the 67,567 support level and falling to around 66,700.

Next, the key is whether 66,700 can hold. If broken, the next levels to watch are 65,565-64,930. The likely scenario is a double bottom followed by a rebound.
The critical support is 64,930; if broken, the price may continue to make new lows. To stop the decline and rebound, it must regain above 67,567; otherwise, it’s just a weak rebound.

Trading suggestions:

• Break above 67,621 with volume, go long on the right side, target 68,421-69,225

• Break below 66,708 with volume and fail to recover, go short on the right side

• Hourly level: Only look for upside if it stabilizes above 67,621; if it can’t break above, it’s weak

• 4-hour level: Break below 66,656, look for bearish move to 65,932-64,986$BTC