Looking at the overnight market movements, Bitcoin hasn't shown significant volatility, overall oscillating around the 71,500 USD level. However, at 6 AM, the market suddenly surged, rallying sharply from around 72,000 USD to a high of 73,000 USD. Following a minor pullback, the price has now consolidated around 72,600 USD.



From a technical perspective, the morning rally can be viewed as an acceleration following the previous breakout above the 71,200 USD resistance level, forming a classic ascending N-pattern on the daily timeframe, signaling the end of consolidation and the start of a new uptrend. Currently, the moving average system displays a standard bullish alignment, and the MACD momentum histogram has turned positive from negative, all indicating a bullish momentum initiation on larger timeframes. While there is short-term selling pressure near 73,000 USD that needs to be absorbed, as long as price remains above 72,500 USD, the overall uptrend channel won't be broken.

Given the intact daily uptrend structure and positive momentum indicators on larger timeframes, trading should maintain a trend-following approach. Short-term pullbacks are normal technical corrections following a breakout; focus on the 72,000-72,300 USD support zone, and consider accumulating positions in batches after stabilization. The next target above can first target the 73,500-74,000 USD zone. As long as the bullish trend remains unchanged, one should avoid prematurely guessing the top on the left side. #Gate广场AI测评官 $BTC
BTC2,41%
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Neonicvip
· 9h ago
bee
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