From the 4-hour structure perspective, this round of BTC's rally belongs to a typical trend acceleration phase. After the price confirmed a bottom around 63,000, capital began to flow back steadily, and the candlestick structure showed consecutive increasing volume bullish candles, directly breaking through the previous high.

Currently, the market has already touched the short-term resistance level around 74,000. A short-term consolidation at a high level is a normal phenomenon.

It is important to note that tonight in the late hours, there will be the Federal Reserve Beige Book, and tomorrow there will be non-farm payroll data. Before the macroeconomic data is released, the market usually amplifies volatility, so it is not recommended to blindly chase longs above the current position of 72,000, indicating that the current market is still driven by capital in a bullish structure.

If there is a short-term pullback: the 71,400 — 70,850 range is a relatively ideal area for bullish support.

Take profit at 74,200, the intraday high.

From the perspective of structural evolution, the market’s bullish defense position has already clearly moved up #加密市场上涨 #比特币创下近一月新高 #美伊局势影响 $BTC