$BTC The current price is trading around 70,600. On the 4-hour level, the ascending flag breakout pattern is quite clear, with price having firmly established itself above the EMA20 moving average. The short-term moving averages EMA5 and EMA10 have formed a golden cross and are diverging upward, indicating that a short-term bullish alignment has formed. The 70,000 level has transitioned from previous resistance into support, and the upside space has been further opened.

From a volume perspective, when breaking above 71,000, trading volume clearly expanded, and the OBV indicator simultaneously created a new intraday high, indicating strong fund acceptance and healthy price-volume coordination. The hourly MACD has formed a secondary golden cross above the zero line, with red momentum bars showing mild extension, indicating the rebound is running in a healthy manner with no signs of bullish momentum exhaustion yet.

In terms of trading operations, the 70,000 zone below deserves focus as a key support level, representing a confluence of previous breakout platforms and top-bottom reversals. As long as pullbacks do not break through this zone, the structure of oscillating upward movement is likely to continue. Above, targets to watch first are the 71,500-71,800 zone. If successfully breached, there may be an opportunity to further test the 72,000 psychological level. Before the key support is broken, maintaining a low-entry bullish strategy and following the trend with an optimistic outlook remains the more prudent choice. #Gate13周年全球庆典