Bitcoin Evening Strategy

Bitcoin's hourly level has broken through the triangle consolidation, with key resistance at 71490 above. Previous three test attempts have been unsuccessful. As long as the price can stay above the upper boundary of the triangle, breaking through 71490 is only a matter of time. Only by surpassing this level can it break free from the 68825-71490 range and open upward space.

Based on equal-distance pattern measurement, this rebound target is around 73077, provided that the 71490 level is effectively broken; otherwise, the equal-distance upward pattern will not hold. After reaching the target, long position holders at the bottom should reduce their positions and look for higher levels.

If the price falls back inside the triangle, it will retest the support at 70057: if this level holds, it will continue to oscillate within the 70057-71490 range, with another chance to break through; if 70057 is broken, it will likely test 68825. As long as 68825 is not broken, the bullish structure of the 68825-71490 consolidation remains intact; once this range is broken, the bullish trend ends, and the price may fall back to 67307.

Trading Suggestions:
- Enter long on a volume breakout above 71488.
- Enter short on a volume breakdown below 70506 with a weak rebound, with strict stop-loss.
- The hourly level holds steady at 71188; watch the range 71869-72551 above. If it cannot hold, the upward move is invalid.
- The 4-hour level breaks below 70405; watch the range 69224-62128 below.