Bitcoin has been fluctuating at high levels for three consecutive days, with moving averages forming a golden cross upward. Long positions can rely on the 7-day or 30-day moving averages for entry. If it falls below 69,800, the pattern is considered broken, and traders should exit.

Short-term: Currently, the market remains in a wide-range consolidation phase, with the range readjusted. Strictly follow trading strategies, control position sizes well, and implement strict stop-loss measures. The current operational range is as follows: the first resistance level is around 72,800, and the first support level below is approximately 70,500. The trading range is 70,500-72,800. After breaking through 72,800, the second resistance level is at 74,000; if it falls below 70,500, the support below is around 69,500.