$BTC $BTC Yesterday's price reached a low near 688, completing the vacuum zone mentioned in chart one. Since I don't like holding positions overnight, I had to absorb 1000 points of space loss on yesterday's short position.

From the current one-hour chart perspective, the 690 key support level is holding steady, forming a "probe down—rebound—retest confirmation" short-term bullish structure, with initial momentum from the short-term rebound being released. The 713-716 zone above is a dense trading area, and combined with Bollinger Band upper band resistance, short-term upward resistance is concentrated. The key focus needs to be on the resistance level at 713-716; a break and hold above will lead to continued push toward 723-730.

The MA7 and MA14 moving averages are both turning upward in sync, with price sitting firmly above MA7 (70200), with bulls dominating the intraday trend. MA20 (70800) becomes the dividing line between daily strength and weakness; holding steady will extend short-term strength, while breaking below will return to range consolidation.

Key attention points for short-term operations:
Resistance: 713-716
Support: 702-698