BTC continues its strong momentum and pushes higher. It touched a high of 66,924, and the current price is around 66,330. The overall bullish structure is clear, but in the short term there is a pullback and consolidation/absorption need.

On the 4-hour timeframe, it keeps making consecutive bullish candles, breaking above the previous high. The upside space has been completely opened. However, the KDJ has already entered the overbought zone, so a short-term correction to build up strength is needed; on the 1-hour timeframe, after surging to the high it quickly fell back. The price is deviating from the moving averages, and the near term is entering a choppy repair phase.

In terms of execution, don’t chase the price higher. Wait for the pullback to stabilize in the 65,800-66,000 range before going long again for a safer setup. Set a stop-loss below 65,500. Targets can be 67,500, 69,000, and 71,000. Overall, follow the trend, control your position size, and be sure to use a stop-loss. $XAU ‌