Last night's market was truly exciting. Bitcoin successfully stabilized above the key psychological level of 70,000 and, after the US stock market opened, it rose steadily to around 71,062, signaling a strong return of bullish momentum. Congratulations to friends who followed the strategy: long positions around 70,300 were smoothly closed for a profit, securing over 800 points of gains; Ethereum also achieved a victory.

From the chart perspective, after breaking through 70,000 on the 4-hour K-line, Bitcoin showed a high-level sideways consolidation, with the current price firmly around 71,000. This is a typical "resistance turning into support" signal. The moving average system is in a standard bullish arrangement, with MA5 forming the first line of defense at 70,500; MACD has formed a golden cross above the zero line with increasing red bars, indicating that upward momentum continues to strengthen. On the daily chart, a full-bodied bullish candle was formed yesterday, completely breaking out of the consolidation zone. As long as it stays above 70,000, the next target could be the previous high of 72,000.

Ethereum's movement is closely linked to Bitcoin. The price, which started from 2015, has reached a high of 2075. Currently, it is experiencing a technical correction but remains above 2060. The 4-hour chart has effectively broken through the previous downtrend line, with Bollinger Bands widening and the middle band at 2050 serving as a key support. As long as Bitcoin remains strong, Ethereum's demand for catch-up will grow even more. The next resistance level to watch is the 2100 integer mark. Breaking through this could accelerate the move toward 2150. #Gate蓝龙虾重磅上线 $BTC