In the current technical analysis, we can see that Bitcoin price is exhibiting a significant triangle consolidation pattern on the 4-hour chart. The current market is at a critical juncture, and the price will face a directional choice: whether to break through the key resistance level of $70,000 upwards, or to break through the support level of $64,000 downwards.
Judging from the MACD indicator, there is currently an underwater golden cross pattern, which is a potential bullish signal. If the price can stabilize above $66,000, the likelihood of a continued upward trend in the short term will increase. However, if the support at $64,000 is broken, then the price may further test our previously predicted second support level at $60,000.
Based on the above analysis, we give the following operational suggestions:
Short-term operators can consider the strategy of selling high and buying low within the range of US$70,000 to US$64,000 to take advantage of market fluctuations to make profits.
For long-term investors, if the price is close to $64,000, they can consider adding positions appropriately, but the overall position should be controlled at around 50% to maintain fund flexibility and risk management.
Remember, there is always uncertainty in the market, so tailor your trading strategy to your risk tolerance and investment goals.