#BTC 4.9 cycle four-night Bitcoin latest ideas and analysis

Rather than focusing on ups and downs, it’s better to improve your mindset. The market is a mirror; if you are weak, it becomes strong; if you are strong, it becomes weak. Clear direction, controllable positions, stable mindset—everything is under control. Looking back, in the afternoon Bitcoin started to rise from 71116, reaching a high of 71571 and hitting resistance, then began to decline, with the lowest point at 71038, currently hovering around 71200. The long positions arranged in the afternoon did not give an entry opportunity; there are also small profits from short positions.

Based on the current market situation, Bitcoin’s current trend is relatively strong, with limited pullback strength, maintaining an overall oscillating and bullish pattern. The price is still within the triangle range, with a quick recovery after a false breakout during trading, forming a clear isolated low point below, with effective support. Short-term support is around 70242; although not fully retested, it has been effectively confirmed. On the hourly level, it continues to stay above the Fibonacci 38.2% level, which is not broken, maintaining a strong bullish structure; if it effectively breaks below, it will turn weak, with key levels at 50% and 61.8% retracement.

Key resistance above is 71412; after volume breakout, the triangle structure opens up, potentially pushing again towards the previous high. The hourly MACD shows no obvious top divergence; the current upward structure is not yet complete. According to wave band 1:1 measurement, the target for this upward move is around 74896, with a high probability of oscillating upward, requiring patience in holding positions.

Thursday evening, 4.9
Bitcoin:
Stand firm at 71276, aiming for 72164-72850
If broken below 70678, watch for a pullback to 69584-68262