Evening of 2.19: Bitcoin's Public Outlook

• Hourly Level: Stepped decline, decreasing highs, lower lows → Clear bearish dominance, very weak rebounds
• Going long = contrarian, only catching small rebounds, not a pattern; try to avoid going long
• The decline might just be beginning, don’t think that just because it’s above 60,000 it won’t fall further

• Support at 66,697: Fragile, easily broken with a poke
◦ Break → look down to 65,800–65,200 range
◦ Break again → deep decline begins
• 4-hour: Break below 66,000 → watch 65,200–64,160; if it doesn’t recover quickly, continue to fall

• 4-hour Head and Shoulders neckline at 65,870: Tested once with no strong rebound; another test likely to break → Head and Shoulders confirmed, retest previous low

🔺 Bulls only look for right-side breakout (avoid early bottom fishing)
• Hourly volume breakout at 67,120 → chase longs on the right side, catch rebounds
• Hourly stabilizes at 67,350 → look up to 68,320–69,260; if it can’t go above 67,350, all efforts are pointless
• Rebound limit temporarily at 68,520; only look higher if it breaks 68,520

Trading Suggestions
• Short: Break below 66,966 with volume, rebound fails to recover → chase shorts on the right side, with stop-loss

• Long: Break above 67,120 with volume → chase longs on the right side, catch rebounds, not a pattern

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