BTC strongly rebounded from the low of $65,233 to $68,205, with an intraday increase of over 2.2%. It successfully recaptured the key daily EMA5/EMA10 moving averages, fully restoring the bullish trend. The daily MACD red histogram continues to expand, and the 4-hour chart confirms a wave of bullish momentum. The 1-hour chart shows a pullback due to short-term overbought conditions, with the KDJ entering the oversold zone, which is a normal correction during an upward trend. The halving expectations and institutional capital inflows continue to be the main driving forces, and the rebound still has room to move higher.