Bitcoin Evening Outlook

After touching a new low at 68188, Bitcoin rebounded but failed to break through the 69529 resistance level. A evening star pattern formed near this level, and hourly charts show pullback signals. After this rebound encountered resistance, it began a second test of the previous low, following a very standard pattern.

If price stabilizes near 68188, it could form a double bottom pattern with potential for further upside. However, if it continuously fails to break through 69529, it will likely oscillate in the 68188-69529 range. Only an effective breakthrough of this resistance level will allow the rebound to continue, with upside targets at 70536 and higher levels. If the previous low breaks, strong support lies at 66588.

Weekend market volatility has limited reference value. With institutions closed, news can easily trigger sharp swings. The true direction needs confirmation after US stock market opens on Monday. It's recommended to observe more and act less.

Operating Suggestions:
• If 69254 breaks with volume, follow the trend and go long, targeting 70512-71337. If unable to hold this level, upside momentum will weaken.

• If breaking below 68525 with volume and rebounds fail to recover, short the market.

• If 4-hour chart breaks below 68359, look for support at 66993-65777.
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