Yesterday's analysis has been validated; please check today's market analysis. Please cite the source when reprinting. Smart Medical Crypto. Recently, I want to start writing Bitcoin market analysis. Everyone, bear with me for now. If the results are good, I will update regularly and on schedule.

The daily chart shows a volume-increasing bullish candlestick after three consecutive days of decline, forming an initial "Morning Star" signal indicating a potential trend reversal. The 4-hour MACD has a bullish crossover and is diverging upward, while RSI has risen to the mid-56 area, indicating short-term bullish momentum is gathering. However, the daily moving averages (MA60/MA120) are still in a bearish alignment. The $67,200-$68,000 region has shifted from resistance to short-term support, and the $70,000 psychological level remains the key battleground for bulls and bears.
Key Support/Resistance:
Strong Support Zone: $67,200 - $67,800 USDT (breakout retest confirmation zone), $65,800 - $66,200 USDT (4-hour MA30 support), $64,000 USDT (recent bottom-fishing cost zone).
Strong Resistance Zone: $69,500 - $70,000 USDT (psychological level and bear defense line), $72,500 USDT (previous decline relay platform).
Today’s Trading Strategy Recommendations
The current market is in a period of observing the transition between bulls and bears after an oversold rebound. Although short-term momentum is slightly bullish, there is a large amount of trapped positions around $70,000, making a direct breakout difficult. It is recommended to use range breakout trading, with $70,000 as the dividing line for bullish and bearish positions, and to implement dual-directional strategies with strict stop-loss settings.
Strategy 1: Long Position (Breakout Chase)
1. Entry Point:
Conditional order: Wait for a 15-minute or 1-hour candlestick to close firmly above $70,200 USDT, then enter long immediately.
Logic: Confirming a valid breakout of the psychological $70,000 level will trigger short stop-losses and quantitative fund chasing longs, possibly initiating a new upward wave.
2. Take Profit Targets:
First target: $71,800 USDT (first target after breakout).
Second target: $73,200 USDT (Fibonacci 61.8% retracement level).
3. Stop-Loss:
Set strictly at $69,400 USDT. If the price quickly falls back below $70,000 after breakout and breaks the morning low, it is considered a false breakout, and exit is required.
Strategy 2: Short Position (Attempt Short at Resistance, Caution with Left-Side Trading)
1. Entry Point:
Wait for the price to rebound to the $69,600 - $69,900 USDT zone (approaching but not breaking through $70,000). If a bearish divergence or long upper shadow appears on the 15-minute chart, consider a light short position.
2. Take Profit Targets:
First target: $68,200 USDT (retest support zone).
Second target: $67,500 USDT (if broken, confirm the end of the rebound).
3. Stop-Loss:
Set at $70,350 USDT. If the price strongly breaks above $70,500 and stabilizes, the short position logic invalidates, and a stop-loss should be executed promptly to avoid being squeezed higher.