The current price of Bitcoin is 71200, with irregular bullish patterns appearing at lower levels. The market trend is much faster than expected. As before, we analyze the closing line from the price trend. Currently, the K-line is oscillating at a high level, with a tug-of-war between bulls and bears leading to increased volatility. A long bullish candle has appeared on the daily K-line chart, indicating strong buying power in the short term, with bulls showing significant strength.

Technical indicators show that the MACD histogram on the 4-hour cycle has turned from negative to positive. The DIF line is approaching the DEA line upwards, signaling bullish momentum, but we still need to watch for whether it can sustain a breakthrough. If it doesn't break, a pullback could occur; if it breaks, a one-sided market may form. The current Relative Strength Index (RSI) is at 55.1, in the neutral to strong zone, and has not yet entered the overbought range, indicating that there is still room for upward movement.

Trend indicators show that the current price is above the EMA7 and is close to the EMA30. If it can effectively hold above the EMA30, it is expected to continue moving upward. The EMA120 is far below the current price, maintaining a good long-term trend. Trading volume has begun to expand in the last few trading periods, especially during last night's U.S. market session when market activity increased. A7 has observed that as prices rise, capital inflows are driving prices higher, suggesting that everyone should monitor subsequent changes in trading volume to confirm the continuation of the trend.

Today's reference points:

Long Entry at 69000, Stop Loss at 68000, Target at 72000.

Short Entry at 71500, Stop Loss at 72500, Target at 69000.