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Morning Bitcoin price action perfectly aligned with our strategy—after consolidating around the 70,300 level, bulls continued to build volume and successfully broke through the 71,000 mark. BTC is currently trading near 71,100, and the 70,500 long positions established this morning were successfully closed for profit at 71,300, capturing 800 points of gains. Ethereum's synchronized long position also harvested 23 points, demonstrating precise rhythm execution.
From a technical perspective, after confirmation of the 70,300 support level, the K-line has formed consecutive bullish candles pushing higher. Price has effectively established itself above 71,000. On the hourly timeframe, MA5 and MA10 have formed a bullish alignment, with price steadily rising along the short-term moving averages. Each pullback finds support at progressively higher levels, exhibiting a classic strong consolidative uptrend structure. The MACD fast and slow lines have formed a second golden cross above the zero axis, with the bullish energy histogram expanding again, indicating the rebound momentum continues without signs of weakening.
The current price action has broken through the previous resistance zone of 70,800-71,000, which has now transitioned from resistance to support. Upside attention should focus on the 71,500-71,800 zone; if BTC can continue to build volume and break through, rebound potential will expand further. Downside support has shifted up to the 70,800-71,000 level. As long as this zone doesn't break, the short-term bullish structure remains intact. Operationally, continue buying dips as the primary strategy and trade with the trend. #Gate正式接入Polymarket $BTC