February 22nd Midday Bitcoin Public Outlook

Fake breakout + double bearish engulfing + breaking the triangle → Slightly bearish consolidation, first watch for a pullback, then a rebound.
• Made a new high but the body didn't stabilize above 68,560 → Fake breakout
• After reaching a new high, a bearish engulfing pattern appeared, and a second attempt to push higher failed, followed by another engulfing and a break below the triangle
• The lower edge of the triangle becomes resistance: if it recovers the triangle → sideways; if it cannot recover → downward move

Trading Suggestions:
• Long positions: Volume breakout above 68,230 on the right side, target 68,430 → 69,320 → 70,250; wait for the hourly to stabilize above 68,430 before looking for higher levels

• Short positions: Volume breakdown below 67,500, if a rebound fails to hold → short on the right side; 4-hour breakdown below 67,680 → look for 66,600 → 65,090

• Both breakouts and breakdowns require volume confirmation; low volume can easily lead to false signals
#Gate广场发帖领五万美金红包
$BTC