Bitcoin surged strongly yesterday, reaching the 74,000 level near the highest point, then continued to rise. Overnight, the price pulled back, which is a normal correction. After all, the price has risen nearly 10,000 points from the bottom in recent days, so this pullback is expected. Currently, the decline presents a bullish opportunity.

From the four-hour chart, the price has broken through the previous range. The chart shows an upward channel opening, with the pullback lows gradually rising. During the day, the price has not broken below the middle band of the Bollinger indicator during the pullback. The Bollinger moving average is turning upward, indicating that the upward trend will continue.

For intraday, continue to look for a bullish move around 70,300, targeting the 74,000 level. If the price breaks below 70,600, an aggressive trader can go long now at 71,200 with the same target. The levels are for reference only.