$BTC The current price is running around 70600. The 4-hour ascending flag breakout pattern is quite clear, with price firmly above the EMA20 moving average. The short-term moving averages EMA5 and EMA10 have formed a golden cross and are diverging upward, indicating that short-term bullish alignment has taken shape. The 70000 level has transitioned from a previous resistance to a support level, and the upside space has been further opened up.

From a volume perspective, transaction volume expanded noticeably at the 71000 breakout, with the OBV indicator simultaneously reaching a new intraday high, suggesting strong capital absorption and healthy price-volume coordination. The hourly MACD has formed a second golden cross above the zero line, with red momentum bars extending moderately, indicating the rebound is running healthily with no visible signs of bullish momentum exhaustion yet.

Operationally, the 70000 region below warrants close attention as a support level, being the convergence zone of the previous breakout platform and top-bottom reversal. As long as any pullback does not break this level, the oscillating uptrend structure is likely to continue. Target levels above should first focus on the 71500-71800 region. If successfully broken through, there will be an opportunity to further test the 72000 psychological level. In the absence of a break in key support, maintaining a low-long strategy and remaining bullish with the trend remains the more reasonable choice. #Gate13周年全球庆典