(BTC 1-hour chart)

Bitcoin is showing an upward trend in the rising channel mentioned by Shiyechen yesterday, and has already undergone a correction and shown an upward trend in the bull market. The price has now broken through 65,000, so Shiyechen expects further upward movement after the correction.

During the day, we can focus on the upward channel within the 1-hour timeframe and maintain a bullish mindset in the support area. Short-term layouts can be made near the channel position, and if the price falls below the bottom of the channel, we can make short-term bottom purchases in the adjustment area.

The first resistance level to watch during the day is 65,350, and the second resistance level is 66,100. After the price breaks through the first resistance level, Shiyechen expects BTC to retest 66,000.

However, I do not expect a one-time breakthrough, as the probability of a short-term correction is still relatively high. Therefore, we will operate with a rebound mindset in the adjustment area to obtain stable cost profits.

During the day, pay attention to the first support at 64,600 and the second support at 64,250. Although many friends hope that the price can reach the first support level, as they can start buying in batches from the psychological support at 65,000, we can set support at the bottom of the rising channel and expect the price to continue to rise.

In today's trading, as the 1-hour chart is slowly rising in the upward channel, we can maintain a bullish mindset and try to enter the market after the pullback.

4.21 Shiyechen's Short-term Pending Orders:

BTC:

Long position first entry reference: 64,600, second entry reference 64,250, target 65,200-66,000

Short position first entry reference: 65,200, second entry reference 66,100, target 64,600-64,250

This article is exclusively planned and published by Shiyechen (WeChat public account: Coin God Shiyechen). If you need to understand more real-time investment strategies, untangling, spot contract trading techniques, operational skills, and candlestick knowledge, you can add Shiyechen for learning and communication. I hope to help you find what you want in the currency circle. Focusing on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% follow the trend; daily updates on macro analysis articles across the network, technical analysis of mainstream coins and altcoins, and spot mid-to-long-term replay price prediction videos.

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