Wednesday Bitcoin Layout Strategy (Mainly Bullish on Breakout)
1. Trend and Structure
Price has stabilized and rebounded from the low of 67360, having broken through the short-term downtrend line, and is firmly above the yellow moving average (mid-term moving average), establishing a preliminary bullish structure.
During the pullback phase, it did not break the previous low, and the long lower shadow indicates strong buying support below, with the pullback being weak, in accordance with the technical formation of 'buying on the dip'.
2. Key Price Levels and Layout
Bullish zone: The range of 70500–70000 is currently a strong support zone, where positions can be built in batches.
Stop-loss level: Key support below at 69000 (if broken, the bullish structure is damaged, and one needs to exit)
Target Levels
First target: 71000 (recent minor resistance level, can reduce positions to lock in profits)
Second target: 73000 (pressure level near previous high, if broken with volume, can continue to look higher)
3. Market Signals
Moving averages are turning upwards, with prices running above the moving averages, providing support, and bullish momentum continues.
During pullbacks, trading volume shrinks, while during rebounds, it expands, indicating that funds are accumulating during pullbacks, with bulls dominating the market.
Asian/European session fluctuations are relatively mild, suitable for buying at support levels, avoiding chasing highs.
4. Risk Warning
If it breaks below 69000 with volume, strict stop-loss is needed to prevent deep pullbacks.
Pay attention to macro factors (such as Federal Reserve policies, US stock trends), as environmental fluctuations can amplify cryptocurrency price volatility.
Operational Suggestions: Build positions in batches in the range of 70500–70000
Defend below 69000
First target at 71000, look for 73000 after breaking through #特朗普缓和局势 $BTC 64
