From a technical perspective, Bitcoin tested around $68,900 last night and quickly rebounded, confirming the presence of continuous bullish support in that area. The 4-hour chart shows a converging pattern with lows remaining flat, and during the pullback, it did not break below the key support zone of 68,500-68,800. This indicates that the current phase is a strong consolidation within an upward trend rather than a trend reversal downward.

Momentum indicators also support a short-term bullish outlook. The 4-hour RSI remains above 50 in a healthy zone, and the MACD shows signs of a potential bullish crossover near the zero line, indicating that bearish momentum is gradually weakening. As long as the price can stay above $69,200, the probability of resuming the upward move to test the $70,000 level after consolidation is high.

Overall, the current trend can be viewed as a high-level accumulation phase, with bulls still in control. The primary target above remains an effective break above $70,200. Achieving this could accelerate the test of the previous high around $71,500. Short-term trading should focus on signs of stabilization in the $68,900-$69,500 range. As long as it does not break below $68,500, the overall trend remains bullish. #当前行情抄底还是观望？ $BTC