ChenJiaguanA

BTC 4H
Kongjun ultimately wins
Continuing to fluctuate downward
Waiting for a selling climax to clear the way
Then consider adding more longs
Minor resistance level around 67-67.5K
The main trend is still mainly rebound-based

BTC surged to $69,000 this morning, liquidating $257M in short positions!
In the past 24 hours, the total crypto market liquidation reached $448M!!!
Currently, the liquidity cluster in the $69,000-$71,000 range is relatively thin and may be swept—this could push the price to higher levels.
However, the liquidity in the $64,000-$66,000 range is about 3-4 times larger than the former and has accumulated, making it the next more likely area to be swept. (Chen Jiaguan)

Rebound without a proper pattern!
We have reached our first target above 68.5k.
We also mentioned earlier that
68-69k is a resistance zone.
Although the current market volume has increased, reaching as high as 69.2k,
it has not stabilized above 69k.
We are still in the resistance zone.
Duo Dan has already exited,
waiting for an opportunity to ambush Kong.

BTC has already reached the 67.5k level.
My first target is 68.5k.
It’s very likely to be stopped out before or after the US stock market opens tonight.
So, you can manually stop out.
Everyone following along, remember to fasten your seatbelt.
The market is still in an upward volume trend.
Those who are following along, please give a thumbs up.

BTC has been on hold until I finally got the opportunity to open a position.
It wasn't until early morning that the chance came.
Those who chased shorts at the bottom fueled the sell-off and are now crying.
Why does it drop when I open a long?
And rise when I open a short?
Obviously, you still don't understand the game of the market.
As I predicted, the market dipped downward to the 64.5k-65.2k range, with the rebound starting around 65K.
It just took out the previous long positions during the rebound and then moved higher.
There are also significant liquidations around the 64k

BTC a slow weekend
It looks like there won't be a significant gap at the open
If there is a gap
It might be filled on Monday as usual
An interesting week is coming
Last week, there seemed to be some discussions about resolving Middle East issues
But neither side currently seems interested
The conflict has now entered its second month

BTC considering all factors
This month is very slow
Bitcoin has been basically flat this month
Just like last year
Based on historical data
April is the month with the 3rd highest average return for Bitcoin (Chen Jiaguan) ​​​

btc1h
The entire weekend, 66 was steadily filled orders
A huge amount of liquidity below
Someone placed a 37 million sell order at 67777 above ​​​

In the event of black swan shocks like Federal Reserve rate hikes, BTC is unlikely to fall below the initial 40,000 mark.
The third wave of trend decline, which started from the previous rebound high of 76,000, may find its support zone between 55,000 and 60,000.
From a temporal perspective, if it drops to around 40,000, it would indicate that the bear market is progressing too quickly, which does not align with the usual market rhythm.
Therefore, considering all factors, in the absence of extreme negative catalysts, the likelihood of BTC falling below the 40,000 threshold in the first h

BTC successfully hit my stop-loss level.
Currently, the price is around 66k, and over the weekend, I need to digest some profit-taking.
Most of the long positions have been cleared out.
My idea is to wait until Sunday, if the market remains stable above 66k, then add a bit to my long positions.
The position size won't be too large, so even if there's a decline, there will still be room to add more or cut losses.
Additionally, if the price drops to the 64.5k-65.2k range, I will consider going long on the left side.
Both approaches are viable.
The current BTC price range is in a pa

BTC still has significant liquidity in the $62K-$63K range.
There is a large cluster around the local high of $76K+.
However, at the moment,
the trend across multiple timeframes is downward.
So, for now, we're just observing where it will ultimately find the bottom.
From there, we can look for upward targets.
But there's no rush at the moment. (Chen Jiaguan)

BTC 4H
Shaking brothers
Another perspective on the major oscillation channel
After completing the third push of wave 5, it reaches the top of the channel
Starting a second or third wave of decline down to the bottom of the channel

Since the Trump rebound, BTC has entered extreme volatility
The 1-hour chart has swung up and down nearly 4 times
Current US CB price remains in negative premium territory
Recent market action has been strong
Asia has seized huge subjective initiative
Looking at positions from multiple long-term whales on-chain, there hasn't been major distance changes
Everyone is patiently waiting
However, above 92.6k there's a million-dollar large position that will begin liquidating
This person's stop-loss space is below 66k

Yellow Hair causing trouble, we gave our call in real time
71-72k is still the resistance zone
We also posted about it subsequently
Unable to break through key resistance strongly
All timing issues for short positions
The range has been from 71.7k
Down to 69k
↓2.7k

MicroStrategy is going crazy—weekly BTC purchases are skyrocketing dramatically
2020: 1,348 BTC per week
2021: 1,034 BTC per week
2022: 156 BTC per week
2023: 1,086 BTC per week
2024: 4,920 BTC per week
2025: 4,336 BTC per week
2026: 7,649 BTC per week
If the current growth rate is maintained, MicroStrategy will reach its goal of holding 1 million BTC by October of this year (Chen Jiaguan)

BTC is approaching a critical level, and the whales' moves are starting to get interesting.
Currently, the price is testing $71,475 at the upper chip level, with short-term rebound momentum.
But three details warrant caution:
Dense whale sell orders above, overlapping liquidation zones, and open interest not keeping up.
This is likely liquidity harvesting:
First push up to trigger long liquidations, then face resistance from above.
Whether it's a real breakout or a fake one will be revealed shortly.

If BTC's monthly closing price this month falls below 67k, the monthly chart will have declined for 6 consecutive months. This would continue to set a new record for the longest consecutive monthly decline since the bear market began. If the US and Iran continue fighting, big pancake is estimated to go to the 50k range.