$BTC The current price is running around 70,600. The 4-hour ascending flag breakout pattern is quite clear, and the price has 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 the short-term bullish alignment has taken shape. The 70,000 level has transitioned from a previous resistance level to a support level, and the upward space has further expanded as a result.

From a volume perspective, when breaking through 71,000, trading volume clearly increased, and the OBV indicator simultaneously created a new intraday high, indicating strong fund absorption and healthy price-volume coordination. The hourly MACD chart has formed a second golden cross above the zero line, with the red momentum bars showing mild extension, indicating that the rebound is still operating in a benign manner with no exhaustion signals yet in the bullish momentum.

Operationally, the 70,000 region warrants key attention as a lower support level, as this area represents the confluence of the previous breakout platform and top-bottom reversal. As long as pullbacks do not break through this area, the upward shock structure should continue. The upper targets to watch are the 71,500-71,800 region first; if this is successfully broken through, there may be an opportunity to further test the 72,000 psychological level. Before key support is broken, maintaining a low-long bias and continuing to look bullish with the trend remains the more rational choice. #Gate13周年全球庆典