Bitcoin completed base building at the 70,500 level during the evening session, and bullish momentum continued to release. At 10 PM, it successfully broke through the key resistance at 71,000. The 70,400 long position established in the early morning achieved precise profit-taking at 600 points, validating the effectiveness of the short-term bullish structure. Currently, Bitcoin is trading near 70,900, with a clear ascending flag pattern breakout on the 4-hour timeframe. The price is holding above the EMA20 moving average, and the EMA5 and EMA10 have formed a golden cross with divergence, indicating a complete short-term bullish alignment. The previous 71,000 resistance has now converted into support, opening further upside potential.

From a volume perspective, when breaking through 71,000, trading volume was significantly amplified, and the OBV indicator simultaneously created an intraday new high, indicating strong fund absorption intent with no divergence risk observed. The hourly MACD chart shows a second golden cross above the zero line, with the red momentum bars showing moderate growth, suggesting the rebound remains in a healthy phase with no exhaustion signals yet from bullish momentum.

Operationally, support has shifted upward to the 70,600-70,800 zone, which represents the previous breakthrough platform and a top-bottom transformation level. As long as pullbacks don't break below this area, the upward oscillation structure is expected to continue. Target resistance above focuses on the 71,500-71,800 zone. After breaking through, it may further test the 72,000 psychological level. Before key support is broken, maintaining a bottom-fishing long approach in line with the trend remains bullish. #Gate13周年全球庆典 $BTC