Yesterday in the early morning, BTC tested the 70500 level three times without breaking it, forming a solid short-term support structure and laying the foundation for a rebound. After the price stabilized in that area, it rallied with oscillations and has now recovered to around 71400, validating the bullish outlook from the early morning.

From the four-hour structure, a clear "triple bottom" pattern is forming near 70500, with each pullback quickly rebounding, indicating strong buying interest at this level. The short-term moving average system has begun turning upward, with MA5 and MA10 forming a golden cross, and the K-line has established above the short-term moving averages, providing technical support for the rebound. The MACD bearish momentum histogram continues to converge, with the fast and slow lines consolidating below the zero line and showing signs of forming a golden cross, suggesting that downside momentum is exhausted and bulls are gathering strength. RSI has rebounded from oversold territory to the 40 neutral-to-weak zone, still maintaining upside recovery potential. 71400, as a previous minor resistance level, has converted to short-term support after breaking through. If this level holds, the rebound could extend further toward the 71800-72000 zone.

Operationally, long positions established at the 70500 support level in the early morning can continue to be held. A short-term pullback to the 71000-71200 zone without breaking remains an opportunity to add longs on the trend. Intraday stop-loss can be moved up below 70500, with the first target at 71800 above, and 72500 if that breaks. If the price cannot sustain above 72000, watch for oscillations after rallying higher as bulls accumulate strength. #Gate正式接入Polymarket $BTC