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#比特币站上七万美元 Bitcoin takes the stage and breaks through 72000, Ethereum starts catching up and stands above 2100, has the second half of the bull market arrived?
From last night to now, Bitcoin has presented a clear "consolidation accumulation-volume breakout-pullback confirmation" structure. After reaching highs intraday today and pulling back, the K-line shows a yang line with a long upper shadow, indicating significant selling pressure at higher levels. The hourly level displays a "box breakout followed by high-level consolidation" pattern. The morning session closed with a large volume yang line, indicating strong bullish momentum. The current pullback has not broken below 71000, which represents a healthy confirmation after the breakout, with the consolidation range roughly around 71000-71500 USD. Intraday, focus on breakdowns in this range. The first resistance level above intraday should focus on 71900-72200 USD (today's high and previous channel upper edge). If it breaks through with volume, the next target is toward 73000-73500 USD range. If 72200 stabilizes effectively, the medium-term target can reach around 74400 USD. Below, short-term support should focus on 71000 USD (today's pullback zone and round number level). The key support level is at 70500-70800 USD (previous high and box upper edge). Strong support at the 70000 round number level. As long as this level holds, the short-term rebound structure will remain intact. Currently, the market is in the confirmation phase after the breakout, with bullish momentum still robust. Operationally, conservative traders are advised to wait for price pullback to the 70500-70800 region to stabilize before entering for rebounds. High-level short positions need to be cautious.