This morning, after a slight correction, the price of the coin rebounded again with a continuous rally. During midday, the price surged to around 75,000 but then quickly pulled back. Subsequently, the price did not give much of a correction but continued the morning’s trend of oscillating and upward movement. Currently, the price is consolidating around the 70,000 level, gathering strength. Our early strategy was to follow the market trend and make timely adjustments, decisively turning bullish. We took quick profits and exited the short-term positions. Currently, our long position in Bitcoin at 69,613 is still being held. Market trends are constantly changing, and we must always maintain respect for the market, approaching it with calmness and composure to further achieve the desired gains.

Looking at Bitcoin on the four-hour chart, the current price has formed a series of bullish candles, rapidly breaking through the upper band and creating a strong overbought condition. The Bollinger Bands are slowly expanding upward, and the MACD histogram shows continuous strengthening of the bulls. The short-term upward trend is strong, and this rebound from the bottom is expected to continue further. Therefore, the bullish outlook remains unchanged.

On the short-term hourly chart, the price has formed a bullish engulfing pattern with a rapid surge. Along with the quick rebound, the Bollinger Bands are accelerating upward, and the upward channel is continuing to open. After this consolidation phase ends, we expect the price to continue its rebound trend, with further pullbacks to add long positions.

For Bitcoin, consider going long near 69,600, with attention around 71,000. For Ethereum, consider going long near 2,020, with attention around 2,080.