Last night, as the US stock market opened lower across three lines, market risk aversion sentiment intensified, leading to a reverse rally. The price broke out of the recent consolidation range, trending upward unilaterally from around 65,500, reaching a high near 69,500, with a single-sided increase of nearly 4,000 points. Our short positions entered in the evening were unfortunately stopped out with a loss of 600 points, but we quickly reversed and chased the long side, gaining nearly 1,000 points of profit. Currently, the price is trading around 69,700.

From the market structure perspective, this rally is a typical "all clear of bad news" type of upward movement, breaking through the recent persistent consolidation zone. On the 4-hour chart, the price strongly broke through and stabilized above the upper Bollinger Band, with the moving averages forming a golden cross and diverging upward, indicating ample bullish momentum. The hourly chart shows a continuous volume-driven rally with minimal pullback, suggesting strong buying support and active accumulation by bulls. At present, although there is a brief consolidation near 69,700, the overall upward structure remains intact, with no obvious top divergence or exhaustion signals.

Since the market has chosen to break upward, the trading strategy should follow the trend with a focus on buying on dips. Key support levels are around 69,000-69,200. If the price can stabilize after a pullback to this zone, further long positions can be added. The initial target is 70,000; a breakout above this level could lead to a further move toward 71,000. It is not recommended to blindly guess the top; until clear top reversal signals appear, following the trend remains the best approach. #贵金原油价格飙升 $BTC