February 13th Midday Bitcoin Trading Strategy

Volume contraction leads to stagnation, encountering resistance and pulling back, oscillating within a flag pattern; 68,400 is the critical support/resistance line. If it cannot break above, a significant rally is unlikely; a break below 64,770 will amplify the decline.

Why did it fall yesterday?
• During the rally, volume shrank (not fully committed), and the rebound to 68,400 resistance formed a bearish engulfing pattern, directly turning the trend bearish.
• Failed to retest the upper boundary of the flag pattern, instead falling back inside the pattern and breaking previous lows; as long as it doesn't break the lower boundary of the flag, it hasn't reached 60,000.
• Lower boundary: 64,770 → a break below will increase the decline.
• Middle zone: 66,580-64,770 → weak oscillation, leaning bearish.

Trading Suggestions:

• Long: Break above 66,780 with volume → go long; stop loss below 66,000.
• Short: Break below 66,000 with volume and fail to recover on rebound → go short; stop loss above 66,520.

• 1-hour chart: Stabilize above 66,700 → watch for 68,410-69,970; if it can't go higher, upward momentum is limited.

• 4-hour chart: Break below 65,650 → watch for 64,570-63,590.

If it can't break through 68,400, don't blindly chase longs; if it can't hold 64,770, short positions are more secure; oscillate in the middle, wait for volume breakout before acting.