ChenJiaguanA

BTC is currently in a high trading volume zone not seen in the past two years.
There is no other price level with more trading volume than the current price.
This makes it a good place for the price to stabilize and start oscillating, which is exactly what we have observed.
If the Middle East situation is not resolved quickly,
don't be surprised if it stays in this zone for a longer period.
Additionally, it is worth noting that,
if the price breaks through and stabilizes above 72K,
then the path to 80K will become relatively easier.

BTC1H Review and Simple Analysis
Major Volatility Zone Top
The probability of attempting a breakout and succeeding against the trend is relatively low
Key Structure
Three-push wedge reversal pattern
Pushes 1, 2, and 3
The third push is more likely to trigger exhaustion
Or the internal logic of a climax reversal is that the funds driving the rally are exhausted
Profiting funds start to settle and escape
Triggering a reversal or correction
Failure of the flag breakout at the end of the three-push wedge reversal pattern
Transition to an M-shaped structure; after the M top br

BTC price drops back to the 70-69K support range
Today, observe the rebound strength at this support
There is no strong follow-through
In the next few days, it will likely shift to another range of oscillation
Wait for the European and American markets to retest around 69K for a secondary rebound
After the rebound, look for opportunities to go long

Currently, support and resistance levels are both effective.
Recently accumulated funds are still in place.
The main force has not escaped.
Currently, BTC futures have a net inflow of 3.1 billion.
It may continue to push higher.
BTC currently faces resistance levels at 744/766/791 and others.

The largest liquidity concentration zone for BTC is around $72K-$73K
This is also the high point of the range
Since then, an acceleration in upward movement may occur
But first, it needs to break through and stabilize above this area

The price has surged dramatically, currently approaching around 72K, with a strong rebound!
This rebound is happening much faster than I expected.
The price has risen from the 62K low point.
It is currently testing a key resistance level.
The lower boundary of the channel supports 62K, with the midline at 66K.
If it can stabilize around 72K and accompanied by increased trading volume,
there's a good chance it will reach closer to 75K.
Otherwise, it may fall back to between 68K and 72K for continued consolidation.
Whether it can hold steady now remains to be seen! ​​​

BTC1H
Continuing to oscillate and form a gate
Still within the oscillation range
Rapid decline and rapid rebound
Matching oscillation characteristics
Strong resistance at the 686-696 range
A short position for bears
Unless a strong breakout above 70K is successful
Otherwise, it remains in oscillation mode
Target 65K, 64K

4-Hour Chart
Since the spike on February 6th,
the range has been fluctuating between 64 and 70.
Even with such a major geopolitical conflict,
this range has not been broken.
Gold and silver experienced sharp surges but did not reach new highs.
It's just that BTC's volatility is gradually decreasing.
Many bears are waiting to catch the 40,000 profit.
Will the market go as they wish?

In the past year, most of BTC's gains occurred within the first 2 hours after the US market opens and during the last 2 hours before closing. During the US market opening period and the subsequent time, there is often a decline. This is a widely recognized "trend" because BTC tends to be sold off after the US market opens.

4-Hour Chart
All moving averages are converged
The liquidity chips above and below are heavily pressured by the bears
Most of the large orders above BTC and ETH yesterday were not filled
The current upper and lower ranges are firmly pressed below 70,000
We need to be patient
It is recommended to buy only on major dips
Avoid shorting on rebounds and chasing longs
Patience is the best remedy right now

BTC is at the 68K level
and consolidating below the diagonal resistance of the past few days.
A breakout above is needed to push towards the 72K region again.
Compared to the fluctuations last weekend,
the current volatility has significantly decreased.

BTC net actual loss level is comparable to the extreme losses during the 2022 bear market
A net loss of $13.6 billion occurred just 3 days ago
That said,
The peak of losses in 2022 occurred 5 months before the actual bear market bottom
The formation of the bottom may take time

As mentioned earlier,
Duo Tou's efforts have been fruitless,
and we have also set the following target.
The current market has already reached 66.8k.
Why stubbornly go against the trend?
Is the guess of a reversal just to showcase how 🐮?
Recently, there have been significant market fluctuations.
At such times, the direction is even more important.
A wise person does not stand under a dangerous wall.
Why risk real money for nothing?

BTC 1H
Bullish efforts have no results
Weekly major support broken
Next targets: 69K, 67K, 65K
Signal that the decline is over: panic selling, huge volume, a long and thick bearish candle

BTC is the low point of April 2025
Fell below $74K
Just rebounded at the high point of March 2024
Today’s daily close will be very critical
Aggressive traders might consider giving it a try

A rebound is not surprising
Reversing to give a chance
The current support level has dropped to 74.5k
How much is this in Kuan?
Not mentioning full consumption
At least you should take a bite

The funding rate for BTC just turned negative on Binance.
This indicates that the shorts are overly crowded.
Panic sentiment is rising.
A short-term rebound wouldn't surprise me.
But the overall BTC trend remains bearish.