🍊4/1 Midday Bitcoin Outlook

Bitcoin has broken out of the triangle pattern and reached a new high. Currently, it is pulling back to the upper edge of the triangle at 67,550. If this level holds, the rebound will continue, targeting around 69,556; if it falls below 67,550 and re-enters the triangle, the next support levels are 66,732 and the lower triangle trendline at 66,250. A break below these could see a move toward 65,512.
At this stage, the market is highly driven by news, with very high uncertainty. Patience is advised until a more confirmed opportunity appears.
Short-term key: Only if it stays above 68,113 can the rebound continue; otherwise, it is likely to fluctuate narrowly between 68,113 and 67,550, with a clear direction only after a breakout or breakdown.

Trading suggestions:
• Volume breakout above 68,025, go long on the right side
• Volume breakdown below 67,489 with a failed rebound, go short on the right side
Hourly level: Hold above 68,025 for a target of 68,938-69,472
4-hour level: Break below 67,450 for a target of 66,452-65,510