In the early morning hours, the currency price rebounded again, trying to test the upper pressure level. Due to insufficient momentum, a sustained breakthrough could not be achieved. The 64800 horizontal line still shows strong resistance. Although the currency price has tried to climb upward many times, after several consecutive days of trading, the overall situation has not changed significantly, and the currency price still maintains a high consolidation state. From a macro trend perspective, the market still maintains bullish expectations, but in the short term, price fluctuations show obvious shock characteristics. The current bulls have repeatedly encountered strong resistance when they hit the 65,000 integer mark, which shows that the selling pressure from above is still heavy and there is the possibility of a market correction in the short term.

Analyzing from the technical structure level, in the four-hour price chart, the price failed to reach the bottom during the downward exploration process, and then began a restorative upward movement. After the roundabout arrangement of the moving average system, it showed signs of upward hook. The repair actions within the small cycle have achieved substantial changes, and the operating channel has initially shown an upward trend. The currency price gradually repaired and moved higher along the lower track. It has now stabilized above the middle track, showing an upward trend. The bearish power quickly shrunk after the release and turned into bullish dominance. Although the market may still fluctuate and consolidate in the short term, the space in the upward channel needs to be further released. Judging from the weekly K-line chart, bulls have shown signs of stabilizing this week after hitting the mid-track. Based on the current market momentum, the market outlook is expected to impact the 68,000-70,000 mark, and the trend has become increasingly clear. Therefore, our strategy is to focus on trend tracking, comply with market operations, and mainly go long on callbacks. $BTC