Last night's market moved as expected with a pullback confirmation. After the price dipped to the 70500 level and received support, it perfectly aligned with our bullish entry point. Subsequently, the bulls exerted steady force, and the price has now recovered to around 71400, with the overall structure remaining strong.

From a chart perspective, the 70500 level has been repeatedly tested and confirmed as effective support, forming a short-term bottom. After the pullback, the K-line has consecutively closed with solid bullish candles, and the price has re-established itself above the MA5 and MA10. The moving average system maintains a bullish alignment. On the hourly level, the pullback low has gradually risen from 70500 to above 71000, showing an oscillating upward rhythm. The MACD fast and slow lines have formed a golden cross above the zero line again, with the bullish energy histogram re-expanding in volume, indicating that the pullback has essentially ended and bullish momentum is launching for a second wave.

Attention should be paid to the 71800-72000 resistance zone on the upside in the short term. If the price can break through the previous high on volume, the upside room will further expand. The support below has moved up to the 71000-71200 area; as long as this zone holds, the strong trend remains unchanged. Operationally, continue to focus on buying on pullbacks. The current chart still does not favor contrarian bottom-hunting plays. #Gate正式接入Polymarket $BTC