After the fluctuations over the weekend, Bitcoin ($BTC ) shows strong momentum on the four-hour chart. However, as shown in chart P1, the MACD indicator is still in a state of high divergence. As we discussed earlier, from a technical analysis perspective, there is a demand for a pullback around $64,700. If the current market can break through $70,500, the previous pullback expectation may become invalid. Therefore, it is not recommended to chase the price on the hourly chart level before it breaks $70,500.

If today's BTC price can rise to around $70,000, this could be a good opportunity to add to positions, especially on the minute chart level. Here is a brief explanation of the differences between hourly and minute trading conditions: Hourly trading usually refers to short-term trend trades composed of hourly candlesticks, with holding periods typically measured in days; while minute trading refers to intraday swing operations composed of minute candlesticks, with holding periods usually measured in hours, which is commonly referred to as day trading.

In short, investors should distinguish between these two different trading cycles when operating to better manage positions and risks. On the hourly level, caution should be exercised to avoid blindly chasing prices; whereas on the minute level, if the price approaches $70,000, it can be considered as an opportunity for adding positions in day trading. It is important to closely monitor market dynamics and develop trading strategies based on individual risk tolerance.