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Bitcoin has successfully stabilized and launched a strong rebound after experiencing an early deep pullback and testing key support levels.
On the 4-hour chart, the Bollins Band midline has transitioned from strong resistance to support. The KDJ three lines have formed a golden cross at low levels and continued to diverge upward, with the J line powerfully breaking through the 80 overbought zone, displaying extremely strong short-term upward momentum and buy signals.
Looking upward from around 703-697 support toward 715-718 resistance. Breaking through the 720 level, it will continue toward 72300-72800-73200.