Early morning market movement, as expected, found support at the 67,800 level and rebounded, currently breaking above the 68,500 threshold. From a technical perspective, after multiple tests confirming support at 67,800, a short-term effective support has been established. Market buying interest in this area is strong, which is a typical sign of support turning stronger.

On the daily chart, the price remains in an upward channel, with the moving averages maintaining a bullish alignment. The MACD histogram is expanding above the zero line, indicating increasing bullish momentum. On the 4-hour chart, the candlesticks near 67,800 show long lower shadows with hammer formations, suggesting solid support below. Subsequently, a medium-sized bullish candle broke through the 68,500 resistance, confirming the end of the correction and the restart of the bullish trend.

If the price can hold above 68,500 during the day, the next target will be to challenge the previous high in the 69,500-69,800 range, with a possibility of testing the 70,000 level. For short-term trading, use 67,800 as a stop-loss level; after a pullback and stabilization, look for long opportunities primarily. #元宵赏月领红包 $BTC