$BTC The current price is running around 70,600. At the 4-hour level, the ascending flag breakout pattern is quite clear. The price has firmly established itself above the EMA20 moving average. The short-term EMA5 and EMA10 have formed a bullish crossover and are diverging upward, indicating that short-term bullish alignment has taken shape. The 70,000 level has transitioned from a previous resistance to a support level, and the upside space has been further opened up.

From a volume perspective, when breaking through 71,000, trading volume clearly expanded. The OBV indicator simultaneously reached a new intraday high, indicating strong capital acceptance and healthy volume-price coordination. On the hourly chart, the MACD has formed a second bullish crossover above the zero axis. The red momentum bars are mildly extending, showing the rebound is still running healthily, with bullish momentum showing no signs of exhaustion yet.

Operationally, the 70,000 area below deserves close attention as a key support, as this zone is the overlap of the previous breakout platform and top-bottom reversal. As long as the pullback doesn't break this area, the oscillating uptrend structure is likely to continue. For upside targets, first watch the 71,500-71,800 area. If it breaks through successfully, there's an opportunity to further test the 72,000 psychological level. Before the key support is breached, maintaining a long on dips strategy and bullish outlook in line with the trend remains a reasonable choice. #Gate13周年全球庆典