February 17th Midday Bitcoin Public Outlook

Bitcoin's price movements are full of false breakouts and fakeouts. Yesterday, I almost got trapped too.
After a false breakdown, it returned to the triangle range for consolidation,
• Only when it stabilizes above 69,150 (neckline) is it truly turning bullish, breaking the triangle
• If it can't break through 70,050 above, the space remains limited
• Once it breaks 70,050, look at the previous high of 71,780
Currently, it's oscillating narrowly between 69,100 and 68,300, with no clear direction.
Breaking below 68,300 could lead to further declines.

Trading Suggestions:
• Volume breakout above 69,150 → Enter long on the right side, look for a rebound
• Volume breakdown below 68,320 and failure to recover → Enter short on the right side

Smaller Timeframes:
• 1-hour: Stabilize above 69,150 → Watch 70,050–70,780, if it can't hold, upward momentum stalls
• 4-hour: Break below 68,150 → Watch 67,080–66,000