$BTC Current price is running around 70600, with a clear ascending flag breakout pattern on the 4-hour level. 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 already taken shape. The 70000 level has transitioned from a previous resistance level to a support level, and the upside space is further opening up.

From a volume perspective, when price broke through 71000, trading volume significantly increased. 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 line, with red momentum bars extending moderately, showing that the rebound is still running in a healthy manner with no signs of bullish momentum exhaustion yet.

In terms of operations, the key support level to focus on below is the 70000 zone, which represents the convergence of a previous breakout platform and top-bottom conversion. As long as the pullback doesn't break through this zone, the oscillating uptrend structure is expected to continue. The target above first looks at the 71500-71800 zone. If it successfully breaks through, there is an opportunity to further test the 72000 psychological level. Before the key support is broken, maintaining a low long strategy and looking bullish with the trend remains the more reasonable choice.#Gate13周年全球庆典