August 20th Bitcoin Public Outlook

The previous support level has held during the pullback. Standing firm above 66,790 and breaking out signals a bullish flag pattern; the W bottom neckline at 67,320 is the key dividing line.

• Bullish conditions: Break above 67,320 with volume → W bottom confirmed, rebound target 68,360–69,300; only after breaking 68,490 can we look higher
• Bearish risk: Fall back inside the flag pattern → test 65,300 again, if support fails, continue to decline

Trading suggestions:
• Long positions: Enter on volume breakout above 67,320 on the right side
• Short positions: Break below 66,900 with volume, then rebound but fail to recover → enter short on the right side
• 4-hour level: Break below 66,700 → watch 65,830–65,040