April 1st midday Silk Road and suggestions

The Bitcoin triangle was broken and a new high was reached again. Currently, Bitcoin is retesting the upper boundary of the triangle at 67,550. If this level holds, it will continue to rebound and look toward around 69,556. If it retests and breaks below 67,550, returning inside the triangle, it will test the lower levels at 66,732 and the triangle's lower boundary at 66,250. Breaking below 65,512 will confirm a downward move.

Look at the three candlesticks I circled in the red box—these are excellent bearish signals. The bearish engulfing and shooting star patterns are very standard short signals, but they did not lead to further decline. I was fooled by these three candlesticks into shorting, only to be stopped out by a message. There's nothing I can do because Bitcoin is currently heavily influenced by news, and we don't know when the next news will come. I hope everyone who gets stopped out doesn't get emotional or rush to recover losses. Be patient and wait for more confirmed trading opportunities.

For Bitcoin to continue rebounding, it must stay above 68,113. If it cannot break above 68,113, it will likely oscillate between 68,113 and 67,550. Only a breakout above 68,113 and a breakdown below 67,550 will clarify the direction.

Bitcoin with volume broke through 68,025 and should be chased long on the right side. A volume breakdown below 67,489 and a failed rebound indicate a short opportunity, with proper stop-loss in place.

On the hourly chart, a break above 68,025 targets 68,938-69,472. If it cannot surpass 68,025, that level is ineffective.

On the 4-hour chart, a breakdown below 67,450 targets 66,452-65,510.

Resistance levels above are 68,025-68,938-69,472.
Support levels below are 67,468-66,518-66,057.

$ETH Strategy:
Bitcoin with volume broke above 2,115 and should be chased long on the right side, with stop-loss at entry.
A volume breakdown below 2,074 indicates a short, with stop-loss at entry.

Retest 2,034 to confirm support and add a long position.
Break below 1,998 to stop out.
On the hourly chart, Bitcoin stands firm above 2,115, targeting 2,158-2,200.
Watch for a potential short at 2,200.
Break above 2,232 with stop-loss.
Left-side order: long at 1,974, stop-loss below 1,936.
Resistance levels: 2,115-2,158-2,200.
Support levels: 2,074-2,041-2,012.

On the 4-hour chart, a breakdown below 2,075 targets 2,021-1,983. Bitcoin is forming an expanding megaphone pattern, with a W bottom neckline at 2,079, which has been retested and confirmed support. It is now preparing to break out of the megaphone pattern. Only a breakout confirms higher targets at 2,141 and beyond. A breakdown below 2,079 will lead to a correction testing 2,048-2,010. As long as the retest does not break below 2,010, the hourly bullish trend remains intact.

$BTC $ETH