BTC’s daily line has been steadily lifting its lows, with successive full-bodied bullish candles closing, continuously refreshing the rebound’s highs. The current consolidation near the high is a benign washout, and the structure for an ongoing uptrend remains solid. The Bollinger Bands continue to open upward and expand, and price action remains in the strong period between the middle band and the upper band. Below, 63,000 forms the ultimate bullish defense level. On the four-hour timeframe, it stair-steps upward steadily; each pullback comes with a lower shadow indicating follow-through support. This shows that the buy-side demand is extremely solid, but after multiple attempts to break the high, the momentum for pushing higher has clearly slowed, and upper wicks are appearing frequently. What’s happening now is only profit-taking being realized; the main players are not selling off, and the bears currently have no ability to mount a counteroffensive. Therefore, the trading approach still focuses on setting up positions on pullbacks into the lower end.