Last night, with the US market opening with three high lines, the overall market sentiment returned to full recovery. After the price stabilized above 68,100, the bulls continued to push strongly, rising sharply to around 69,500 before pausing. We managed to perfectly capture a buy order near 67,800 overnight and took profits at the 69,000 target. Currently, the price is slightly retracing but still above 69,000, and the overall movement remains strong.
From a structural perspective, the overnight rally had a breakout significance: after the price stabilized above the previous resistance of 68,100, volume increased and began to rise, touching the 69,500 level, which is the first effective test of the 69,500-69,800 resistance zone since the decline began in March. On the daily chart, Bitcoin shows three consecutive green candles, forming a clear "Three Soldiers" bullish pattern, and the price successfully broke above the MA30 moving average on the daily chart, indicating a shift from sideways to an upward trend in the medium term. On the hourly chart, the moving averages system shows a clear bullish arrangement, and MACD forms a golden cross above zero again, with red bars continuing to increase, indicating strong upward momentum. Support below the price has risen to the 68,800-69,000 zone; as long as it is not broken, the short-term bullish trend will continue.
Given the stability of the daily level and maintaining the bullish structure on the hourly level, it is advisable to continue following the buy strategy on dips. It is recommended to wait until the price retraces to the 68,800-69,000 zone, then distribute buy orders in batches, with a stop loss below 68,300, initial targets at the previous high of 69,500, and if broken, it is expected to continue rising toward 69,800-70,000. The short-term trend is clear, and buying opportunities on dips are good; preemptive guessing of the top should be avoided. #Gate2月透明度报告 $BTC