Bitcoin Evening Outlook

Many people are wondering why this retracement only stopped at 64930 with a rebound and did not continue to decline further.
The core reason is simple: around 65000, there is a large concentration of long liquidity. The main players have swept the stop-loss orders below and absorbed the chips, so they naturally won't push the price down further.

After a false break and stabilization, the market rebounds accordingly, successively breaking through the 66732 resistance and the upper trendline of the triangle, forming a complete rebound structure.
The strong resistance above is around 68113.

The future movement mainly depends on two points:

• If the price retraces and breaks below the triangle structure, it will test 66732 again. If it cannot hold, then 65512 and 64930 will face further tests.

• As long as 65512 is not effectively broken downward, the price is likely to fluctuate and consolidate in the 68113–65512 range, building momentum for a potential surge later.

To continue strengthening, a volume breakout above 68113 is necessary, which could then target the previous high of 69556.
For those holding bottom-long positions, focus on whether the isolated high above can be broken again: if the breakout fails, it’s advisable to manage positions carefully and take profits.

Trading suggestions:

• Volume breakout above 67682 → Aggressive long chasing on the right side

• Volume breakdown below 67236 with no rebound strength → Short chasing on the right side following the trend

• 1H stabilizes above 67682 → Target 68150–68920

• 4H breaks below 67172 → Target 66331–65550

Currently, the 4-hour chart has stabilized above the Fibonacci 78.6% support. As long as the retracement does not break below this level, the downward structure will be difficult to sustain.
For those leaning towards short positions at higher levels, pay attention to the lower boundary of the bullish trendline near 69093. It’s suitable for light left-side short entries.
Once the 4-hour chart effectively stabilizes above 69093, strictly stop-loss and exit shorts; do not hold through the move.

$BTC