Bitcoin's market sentiment underwent a significant reversal in the afternoon. After stabilizing around the 69400 USD level, bulls launched a strong counter-attack around 4:30 PM, directly pushing the price above 70000 USD through a high-volume bullish candle, reaching as high as 70400 USD nearby, with most of the day's losses recovered. From the 4-hour chart perspective, 70000 USD is not only a psychological level but also a small-level resistance that was tested multiple times in the past. After being effectively broken through this time, it has transformed into strong support. As long as pullbacks don't break below this level, short-term upside potential will continue to expand.

From a technical pattern perspective, the stabilization at the 69000 USD level in the morning, combined with the high-volume surge in the afternoon, has constructed a clear "W-bottom" reversal pattern on the hourly level. The afternoon surge was accompanied by significant volume expansion, indicating that this rally is driven by valid new capital inflows. Meanwhile, the MACD indicator completed a bullish crossover near the zero line, with red momentum bars beginning to expand, showing that bullish momentum is just starting to release.

Currently, the market has shifted from the morning's shock-defense mode to bull dominance. Operationally, we should go with the trend and focus on buying on dips. Below, pay attention to the 70000-69800 USD zone as the first support level for top-bottom conversion. As long as the price remains above this area, long positions can be held or entered on weakness, with the next target being to challenge the previous high zone. #Gate广场AI测评官 $BTC