On April 14, reviewing yesterday's Bitcoin viewpoint, we looked for an intraday pullback, shorting near 85600, and taking profits at 83600. The opening logic was based on the expectation of a drop from the selling zone above, with a target of 81500, which was not reached but did experience a pullback.

Looking at the larger cycle, the outlook is bullish. The key support level on the daily chart has not been broken, and whether it rebounds after the stop-loss is uncertain. The hourly chart shows a bullish trend, while the daily chart indicates a rebound phase. As long as the 74000 level is not broken, we consider the downtrend to likely be over.

The main direction is bullish, and short-term participation in shorts is viewed as a brief short position. No direct reasons for a surge were discussed because of the expected pullback, and it is believed that the daily pullback has ended. The bullish outlook could lead to a second test of the previous weekly highs, forming a potential double top structure.

On the hourly level, we are looking for a pullback, and the trend line has not been broken. Even if it breaks, it only reaches the short to mid-term target of 89000 (which is also the bullish expansion at the 1.618 position). There are two strategies for going long: one is to enter after a pullback to 89000; the other is to wait for the current position to rise and then pull back.

Pay attention to the double bottom structure near 81500, and enter on a rebound when it pulls back to that position, with a mid-term target of 89000.