$BTC The current price is running around 70600. The 4-hour ascending flag breakout pattern is relatively clear, with price steadily standing 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 70000 level has transitioned from a previous resistance level to a support level, and the upside space has been further opened.

From a volume perspective, when breaking through 71000, trading volume significantly increased, and the OBV indicator simultaneously reached a new intraday high, indicating strong fund acceptance and healthy price-volume coordination. The hourly MACD chart has formed a second golden cross above the zero axis, with red momentum bars extending moderately, showing that the rebound is still running healthily, with no signs of bullish momentum exhaustion yet.

Operationally, the key support level to focus on below is the 70000 zone, which is the overlapping area of the previous breakthrough platform and top-bottom conversion. As long as pullbacks don't break this zone, the oscillating uptrend structure is expected to continue. The target above should first look at the 71500-71800 zone. If this is successfully broken through, there is an opportunity to further test the 72000 psychological level. Before the key support is broken, maintaining a low-long strategy and staying bullish with the trend remains a more reasonable choice.#Gate13周年全球庆典