Last night, Bitcoin briefly surged to break new highs, reaching the 74,000 level. Currently, on the daily chart, a breakdown has already formed. As we mentioned a few days ago, the next few steps are to continue looking for entry points, and then keep aiming higher. At this position, it is still possible to reduce some of the holdings. If the pullback does not break the moving averages, then go all in with confidence. Currently, the bulls have broken through key levels to seize the main upward wave, avoiding missing out.

From a technical perspective, in the short term, although there was a slight dip during the day, based on the current momentum, it is only a correction of the previous upward move. The 4-hour chart clearly shows a bullish trend, with MACD continuing to expand. If it stabilizes above 70,000 tonight, there is still room for further upward movement.

Bitcoin trading suggestion: Target above 71,000#加密市场上涨