Bitcoin just completed a violent surge, reaching a high of 69,587.9, just one step away from the 70k level. It then quickly pulled back and is currently oscillating around 68,937.

From a technical perspective: The Bollinger Bands have fully opened, and the price has aggressively moved up along the upper band before pulling back. The bullish momentum is still present, but short-term overbought conditions are evident, indicating a need for a correction.
The MACD has formed a golden cross and continues to expand, indicating the bullish trend remains intact, but the red histogram bars are beginning to shrink, warning of short-term profit-taking.
Order book ratio is slightly positive, with buyers and sellers temporarily in a tug-of-war. Key support levels are around 67,500-68,000, while resistance is at the previous high of 69,587.
Trading suggestion: Buy in batches between 69,500-69,000, with partial positions around 68,000-67,500.