April 12th midday Silk Road and suggestions

Bitcoin has been making higher highs these days, but each time it reaches a new high, it doesn't continue to rise; instead, it quickly pulls back after a new high is formed, and this time is no exception. After breaking through 73,288, it surged upward to a new high of 73,799, and the white box shows a evening star pattern, which immediately led to a pullback and a return to the flag pattern's internal movement. Currently, Bitcoin is supported by the lower boundary of the flag at 71,445 and has not continued to decline. The next step is to see if the rebound can recover above 72,281. If it can stay above 72,281, there is a chance for an upward push; if it cannot, this correction will continue downward, testing the support at 70,429. Everyone should pay attention to whether the support at 70,429 can hold, observing price action for signs of a bottoming signal. If a bottoming or stabilization signal appears, this is a good position to go long on the left side.
Currently, I think Bitcoin hasn't finished falling because there are no signs of a reversal such as a pin bar or a bounce back. At this position, both short and long trades are not ideal. If you chase a short, the support at 70,429 does not offer a good risk-reward ratio; only if it breaks below 70,429 could the decline accelerate. If you want to go long, there are no signs of a bottom or breakout, so it's better to wait for further decline and a reversal signal before going long. Therefore, I suggest everyone, especially over the weekend, mainly observe. During the day, it is likely to fluctuate within the range of 71,445 to 72,281.
Bitcoin with volume breaks through 71,938, follow-up long entries on rebounds, and cut losses if it falls below 71,283 with volume.
If it breaks below 71,283 with volume and cannot recover, follow-up short entries are advised, with proper stop-losses.
On the hourly chart, a break above 71,938 targets 73,120-74,274; if it cannot hold above 71,938, it’s useless.
On the 4-hour chart, a break below 70,445 targets 69,309-68,083.
Upper resistance levels: 71,938-73,120-74,274
Lower support levels: 71,429-70,480-69,185
Silk Road
Volume break above 2,235, follow-up long entries on the right side, stop-loss on recovery.
Break below 2,206 with volume, follow-up short entries on the right side, with stop-loss.
Rebound at 2,158 confirms support, add one long position,
break below 2,127 stop-loss.
On the hourly chart, stabilize above 2,235, target 2,275-2,329 upward.
Watch for 2,275 to go short,
break above 2,316 stop-loss.
Left-side order insertion: 2,087 long, break below 2,053 stop-loss.
Upper resistance: 2,235-2,275-2,329
Lower support: 2,206-2,157-2,113
On the 4-hour chart, break below 2,203 downward, target 2,157-2,112.
Finally broke through the previous high of 2,272, expecting a significant upward surge, but it came down before heating up and broke below the support at 2,233. Currently, 2,233 is a resistance level. If it can break through 2,233, it will challenge 2,272 and the previous high. Operating below 2,233 will likely continue downward to test 2,195 and the lower boundary of the box at 2,173. If the box breaks below 2,158, it’s a signal to go short. As long as it doesn’t break below 2,158, there’s nothing to worry about; breaking below 2,158 would mean the bullish trend on the hourly chart is essentially over. Sister Lin personally believes the downward momentum is strong; pay attention to the effective breakout and breakdown levels.
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