# Bitcoin Evening Analysis

Bitcoin rebounded after touching a new low of 68188, but failed to break through the 69529 resistance level. A evening star pattern formed near this position, and the hourly level has shown pullback signals. After encountering resistance on this bounce, it began a second retest of the previous low, with a very standard price action.

If it can stabilize around 68188, it is expected to form a double bottom pattern with further upside potential; however, if it consistently fails to break through 69529, it will likely oscillate in the 68188-69529 range. Only an effective break above this resistance can allow the bounce to continue, with targets above at 70536 and higher levels. If the previous low is broken, the strong support below is at 66588.

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

Trading Suggestions:
• Follow the breakout above 69254 with volume to go long, targeting 70512-71337. If unable to hold this level, upside momentum will weaken.

• Follow the breakout below 68525 with volume and weak bounces to short.

• If 4-hour level breaks below 68359, watch support at 66993-65777.
$BTC #Gate13周年全球庆典