4/6 Midday Big Pie Thoughts

On the hourly timeframe, it has broken out of the standard 1-2-3 reversal: first break the descending trendline → retest without breaking the new low at 66,465-66,225 → make a new high, confirming the reversal. But around 69,321, there is a shooting star line + massive volume stagnation: volume increases yet it only creates a false breakout, no major rally follows; the bulls can’t push higher and run into strong resistance.
A healthy path is to first pull back to 67,845-67,418, then rise; directly hard-pushing to 69,356 is difficult—there’s little bearish liquidity above, so don’t let a sudden surge get you carried away.

Trading suggestions:
- On volume, and after price stabilizes to the right side of 69,356, chase a long
- On a pullback at 67,993, go long; if it breaks 67,000, stop out
- If volume drops and price breaks below 68,760, and the rebound fails to hold (can’t reclaim) → chase a short on the right side
- Hourly: stay above 69,356 → look for 70,531-71,419
- 4-hour: if it breaks below 68,687 → look for 67,863-66,598
$BTC
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