Bitcoin has been forming small bullish candles on the 4-hour chart, oscillating upward with a gradual rise in lows, indicating a clear bullish recovery trend. The MA5 has crossed above the MA10, initially forming a bullish alignment. The MACD has generated a golden cross above the zero line, with red bars continuing to expand, further enhancing bullish momentum.

The trading approach mainly focuses on buying low and shorting high as a supplementary strategy. The short position at 70,500 taken at 0:00 has already been closed below 70,000. Currently, holding long positions around 70,000, with targets near 71,500 to 72,000.