Last night, the cryptocurrency market experienced a sharp and rapid surge, with Bitcoin soaring nearly 5,000 points in the short term. After reaching the high, it slightly pulled back, then entered a narrow range around the 69,000 level with a slow upward shift in the center of gravity. As the US stock market closed smoothly, market volatility quickly converged, and the overall trend entered a relatively stable consolidation phase. Tonight, we also remind everyone to watch for signs of resistance at the 70,000 level and pay attention to the layout of long positions after pullbacks. Early morning short-term positions also yielded some gains.

From a technical perspective, the four-hour trend signals are now very clear. After the previous surge and pullback, the price has consistently held above the middle band of the Bollinger Bands, showing strong consolidation. During this period, only short-term technical repairs were completed with bearish candles, and there was no effective breakdown or deep retracement. This pattern confirms that there is a normal technical pullback demand in the short term and further solidifies that this round of market has officially shifted into a bullish trend. Driven by continuous bullish momentum, the selling pressure has been almost exhausted, and the market has returned to a dominant bullish pattern. The overall trend still shows higher lows and some breakthroughs at higher highs. After the surge, the pullback was relatively mild, leaving room for further volume expansion. The idea remains that pullbacks still present opportunities for long positions.

Bitcoin can be bought at 68,200-68,500, targeting around 70,000. Altcoins can be bought at 2,000-2,025, targeting around 2,070. $BTC $ETH