# 技术分析

BTC 68.8万 repeatedly tested, 4-hour triangle convergence at the terminal
Current 68,800, a 4-hour timeframe forming a symmetrical triangle: lower boundary 68,200, upper boundary 69,500. A change in direction is expected within 24 hours.
Two plans:
· Break above 69,500 and hold steady → chase longs, targets 71,200 / 73,000, stop loss 68,800.
· Break below 68,200 → short-term short, targets 67,000 / 66,200, stop loss 69,000.
On-chain data: Exchange balances continue to decline, and long-term holders are still accumulating. For medium-to-long-term long positions, you can place staggered adds at 6

#Gate广场四月发帖挑战
Today’s Market Depth Analysis:
1. Extreme Fear Divergence: Despite a 47% market pullback and retail investor sentiment nearly collapsing, on-chain data shows that institutions like BlackRock are still continuously inflowing. This divergence of “price decline, institutional accumulation, retail panic selling” is a classic bottoming signal.
2. Key Resistance Level: Currently, the $68,500 - $69,100 (0.236 Fibonacci retracement level) is the recent “deadline.” Multiple attempts to break through have failed. If volume doesn’t pick up to stabilize here, the sideways consolidation and

True value growth comes from the iteration of underlying technology and the closed-loop of the ecosystem. Without solid on-chain infrastructure, even the highest valuation is just a bubble. Focusing on ecosystem development is more important than focusing on price. #技术分析 #PI This is for investment research only and does not constitute investment advice.