Bitcoin 4HK chart shows a clear upward breakout, with trading volume significantly increasing in tandem. The breakout is accompanied by a shallow retracement, indicating that selling pressure is limited. Meanwhile, the buy/sell ratio remains around 0.5, demonstrating that bulls and bears are in a temporary balance in this area, and the market is not dominated by sellers. Open interest (OI) remains stable, and the funding rate is slightly negative, ruling out market overheating and panic buying behavior. Structurally, this reflects a healthy accumulation of positions. During trading, active taker buy orders continue to appear, indicating that major players are actively defending the 70,000 key level. The probability of further upward movement is relatively higher.
 *Bitcoin price chart showing breakout and volume increase*
It is recommended to go long around 68,800 and 69,300, with the initial target at 73,000, and a breakout target at 76,800.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin 4HK chart shows a clear upward breakout, with trading volume significantly increasing in tandem. The breakout is accompanied by a shallow retracement, indicating that selling pressure is limited. Meanwhile, the buy/sell ratio remains around 0.5, demonstrating that bulls and bears are in a temporary balance in this area, and the market is not dominated by sellers. Open interest (OI) remains stable, and the funding rate is slightly negative, ruling out market overheating and panic buying behavior. Structurally, this reflects a healthy accumulation of positions. During trading, active taker buy orders continue to appear, indicating that major players are actively defending the 70,000 key level. The probability of further upward movement is relatively higher.

*Bitcoin price chart showing breakout and volume increase*
It is recommended to go long around 68,800 and 69,300, with the initial target at 73,000, and a breakout target at 76,800.