##⭐ BTC Today's Market Update

Yesterday we mentioned that the trend is leaning bullish, and the rebound pattern remains good.
Operationally, it is recommended to focus on buying on dips.
Yesterday, Bitcoin retreated to 65,400 and stabilized before rising again.
Driven by the news of BlackRock's BITA ETF listing, the price surged above 67k, reaching a high of 67,292, then slightly pulled back to around 66,442 for consolidation.
Fundamentally, the Standard Chartered report stating the "crypto winter is over" and the launch of BlackRock's new ETF have indeed injected short-term confidence into the market, but the sustainability of the rally driven by liquidity still needs to be observed.
On the daily chart, the current price of 66,230 is above the MA20 moving average, and it has closed with a bullish candle for three consecutive days.
From the low of 63,580, the price has gradually risen, indicating a clear bottoming-up structure.
The daily MACD has formed a golden cross below the zero line, with the green bars starting to expand, suggesting bullish momentum is building.
However, the retracement level of 38.2% from the decline between 82,850 and 59,130 is around 68,180.
Combined with the pressure from the previous dense trading zone of 67,000-67,500, for the daily chart to continue upward, it must break through this area effectively; otherwise, it may enter a consolidation phase.
On the 4-hour chart, the price is currently consolidating at a high level, forming a small ascending channel.
The midline support is around 65,500, the upper resistance at 67,300, and the lower support at 63,300.
If the price can hold above the midline, the short-term bullish pattern remains intact;
If it breaks below 65,500, it may retest 63,300 or lower.
Upper resistance: 67,200-67,500, with a breakout target of 68,200.
Lower support: 66,200-65,500, with strong support at 64,800.
Today’s outlook: Slightly bullish, as long as the dip area is not broken, consider light long positions.
If resistance is encountered and signs of top appear, consider taking profits or going short. $BTC