Crypto Circle Mr. Coin: 4.9 Bitcoin (BTC)) Market Analysis Reference to yesterday's Bitcoin continued to rise, reaching near 72,858 before facing resistance and pulling back. Although it retraced to around 70,600 and then attempted to push higher in the evening, it unfortunately did not stabilize above 72,000. The market is now consolidating at high levels after a pullback. As of today, the price is moving within a wide-range oscillation, currently staying above 70k. On the daily chart, bullish sentiment is strong, with a long upper shadow on the 4-hour chart (72,857 to 70,707), indicating selling pressure above 72,000. The daily candles have formed three consecutive hammer lines with long lower shadows, with strong support around 68,000. MACD: 4-hour DIF(951) crosses below DEA(805). The daily MACD shows a death cross, but the histogram is shrinking. EMA: Price has broken below the 7-day moving average(70967), with the 30-day moving average(69385) providing dynamic support. Although upward momentum is currently weak, the market remains in high-level consolidation, with the trend in a state of oscillation and accumulation. Support levels are gradually moving higher. As long as the retracement does not fall below 69,000, the market is likely to continue upward. On the short-term hourly chart, Bollinger Bands are narrowing, with the price trading above the middle band. Bulls and bears are relatively balanced, and the current market is mainly oscillating. Short-term patterns are unlikely to change significantly in the near future. Traders should maintain high buy and low sell positions. Resistance above is around 73,000; support below is at 70,000-69,000. 4.9 Bitcoin short-term reference: Range 72,500-73,000, with a stop loss at 75,500 and a 500-point stop loss. Target below 71,500, with support at 69,200-70,200, and target above 71,000. Stop loss of 500 points. There may be delays in sending updates. This strategy is for reference only. The market changes rapidly, so regardless of confidence in market judgment, always set proper take-profit and stop-loss orders. Lock in profits and stay safe.