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$BTC
Bitcoin previously retreated from the high point of 73,700 and entered a consolidation range.
Yesterday morning, it dipped to $70,470 and maintained a narrow fluctuation.
In the evening, it stabilized around 70,510 and moved into a oscillating upward trend,
rebounding to around 72,500 with minor resistance and slight correction.
The technical aspect shows a strong intermediate structure with low positions stabilizing and lows gradually rising;
this indicates a solid consolidation pattern.
This morning, driven by news catalysts, the market directly surged with increased volume,
breaking through the previous resistance zone and hitting a new high of 74,800.
The short-term bullish structure is fully established,
with the previous oscillation platform transforming into strong support.
Subsequently, focus should be on the continuation momentum after a pullback confirmation.