Early morning Bitcoin surged from $68,000 to around $69,500 before pulling back slightly, currently oscillating near $68,500. This rebound followed by a pullback is a normal technical correction after reaching a new high. Our long position strategy implemented last night has already taken profits smoothly. The price holding above $68,500 confirms strong buying interest below, and the bulls still control the market.

On the four-hour chart, as long as the key support at $67,800 is not broken, the rebound structure starting from $65,800 remains intact, forming a typical stepwise upward pattern. The MACD golden cross is still expanding, and the price has broken above the EMA15 trend line, heading towards the $70,000 mark. On-chain data shows whales continue to add positions, providing support for the bulls' subsequent attack. A pullback that does not break the previous low is the strongest signal for trend continuation.

Today, focus on the support zone between $67,800 and $68,000. As long as the price stays above this area, the market remains in a bullish-controlled oscillating upward pattern. Every confirmation of support is a good entry point for longs. The upper targets are the previous high at $69,500 and the psychological level at $70,000. If the price can stabilize near the support level, bulls are likely to gather strength for a full assault on $70,000. #Gate2月透明度报告 $BTC