Bitcoin Evening Outlook

Bitcoin rebounded after touching a new low of 68188, but failed to break through the resistance level of 69529, and formed an evening star pattern near this position. The hourly level has already shown pullback signals. After this rebound encountered resistance, it began a second retest of the previous low, with a very standard trend pattern.

If the decline stabilizes near 68188, it is expected to form a double needle bottom pattern with potential for further upside; however, if it continues to fail to break through 69529, there is a high probability of oscillation within the 68188-69529 range. Only an effective breakthrough of this resistance level will allow the rebound to continue, with upside targets at 70536 and higher levels. If the previous low fails to hold, the strong support below is at 66588.

Weekend market volatility has limited reference value as institutions are closed, and market-moving news can easily trigger sharp swings. The true direction needs to be confirmed after US stock market opens on Monday. It is recommended to watch more and trade less.

Operation Suggestions:
• Volume breakout above 69254 can pursue long positions, targets 70512-71337; if unable to hold this level, upside will lack momentum

• Volume break below 68525 with weak retracement can pursue short positions

• 4-hour level breaks below 68359, watch 66993-65777 below
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