Bitcoin Evening Technical Analysis and Suggestions

Bitcoin has broken through the triangle formation at the hourly level, with the upper resistance at 71490 right in front. As indicated by the white arrow, there have been 3 attempted breaks of the 71490 resistance level with no success so far. However, as long as Bitcoin maintains operation above the triangle's upper boundary, breaking through 71490 is only a matter of time. Only by breaking 71490 can we look toward higher positions and exit the consolidation zone between 71490-68825 to continue consolidating at higher levels. Looking at the two red line segments indicated by the white arrow below, following a 1:1 ratio move pattern, the target for this rebound is around 73077. However, there's a prerequisite: 71490 must be broken first, otherwise the 1:1 upside target won't materialize. For those holding long positions from the bottom with 1:1 upside target potential, remember to reduce positions and then position for even higher levels. Once Bitcoin retraces back into the triangle formation, it will retest the 70057 support below. If 70057 holds, it will consolidate between 70057-71490, with another chance to break 71490. If 70057 breaks, 68825 will appear again. Regardless of how Bitcoin retraces, as long as it doesn't break below 68825, the uptrend in this 71490-68825 range remains intact. If this consolidation zone breaks, it will return to where it came from, and this uptrend will end, with 67307 waiting for everyone.

Bitcoin breaks through 71188 on volume - pursue longs on the right side. 70506 breaks down on volume with failed rebound recovery - pursue shorts on the right side. Secure stop losses.
Bitcoin hourly level breaks and firmly holds 71188 - look upward to 71869-72551. If it can't go above 71188, it's invaluable.
4-hour level breaks below 70405 - look downward to 69224-62128.

Bitcoin is currently holding the 38.2 Fibonacci level on the 4-hour timeframe. The upcoming resistance above is the 50% Fibonacci level corresponding to 71691. Breaking the 50% level allows viewing the 61.8 level; holding firmly at 61.8 allows continuing upward to view the 78.6 level. Before breaking 78.6, all rallies are merely rebounds. Only after holding the 4-hour 78.6 level can we see a 4-hour reversal. Pay attention to volume changes.
The above is merely personal advice; please refer specifically to Lin Jie's rock plate layout for actual trading.$BTC