Bullish momentum initiated, breaking through the wide-range consolidation started on February 6th. The 4-hour channel also broke out, completing support-resistance conversion. A consecutive bullish rebound has broken through the previous high of 70,000 in one move.

However, the current structure and indicators such as RSI and KDJ all show overbought conditions. Do not chase the highs in the short term; wait for opportunities on the left side of the chart.

Resistance levels to watch are the 4-hour secondary high zone of 72,300-72,800 for short positions, with a stop loss at 74,300 and a target of 68,500. If the medium-term resistance is not broken, there is still significant downside potential!

Support levels to monitor are the 68,800-68,400 zone, with a stop loss at 66,800 and a target of 70,500. The 4-hour consolidation range is accompanied by higher lows; if no breakdown occurs, continue to buy low and sell high!🚀#比特币反弹