$BTC Bitcoin Trend Analysis: Last night, the long position at 667171 has been reduced, and the remaining position continues to be held.

1. Core Viewpoint: Bullish breakout with short-term key resistance testing
Currently, BTC is experiencing a strong rebound, breaking through the previous consolidation range, but facing an important resistance level above. The overall trend is shifting from weak to strong, but caution is needed for a pullback after the rally.
2. Key Level Analysis
Support Levels (Defense Lines)
First Support: 68,555.27
Support derived from the 4-hour resistance turn support. The price has just broken this level; if it retraces and confirms not to break below, it is a short-term entry point for long positions.
Strong Support: 67,300.00
This is the recent oscillation top area and the last line of defense for bulls. As long as the price stays above this level, the short-term upward trend remains intact.
Extreme Support: 66,000.00 - 65,000.00
If broken, it indicates the upward trend is broken, and the market will revert to a weak state.
Resistance Levels (Attack Targets)
Short-term Resistance: 69,243.46
The price is currently hovering near this level. This is a recent minor high; breaking through here can open up a larger upward space.
Key Resistance: 70,130.96
This is a very important psychological and technical resistance level. If the price can effectively stay above 70,130, it will confirm the start of a new bull market.
Strong Resistance Zone: 71,778.85 - 72,203.90
Daily-level resistance, the biggest obstacle above, and the ultimate target of this rebound. Once reached, there is a high probability of strong selling pressure.
3. Technical Pattern Interpretation
Breakout of Downtrend Line
The yellow dashed downtrend line. The price has clearly broken through this resistance line that had been suppressing for several days, which is a very positive bullish signal.
Higher Lows
From late March to early April, the lows of the candlesticks have been gradually rising (from around 66,000), forming an ascending channel or arc bottom pattern, indicating increasing buying strength.
Current Candlestick Status
The latest candlestick is testing the 69,000 level with an upper shadow, indicating some resistance around 69,243, and the market is engaged in a battle between bulls and bears.
4. Summary
The market is currently in a confirmation phase after the breakout. Bulls have gained short-term initiative, but whether they can break through 70,130 is critical. It is recommended to follow the trend, mainly long at low levels, short at high levels, and strictly set stop-losses.