Based on the current situation, Bitcoin's price has stabilized above the middle band around 67,973, which has become a short-term strong support level. The price has broken through the upper band near 70,304, indicating a strong breakout signal, suggesting that bullish momentum is sufficient. However, it also means that there may be short-term pullback pressure. The recent low point roughly coincides with the starting point of this rebound, serving as a strong support area below.

Currently, on the 4-hour chart, the price has strongly broken above the upper Bollinger Band, opening an upward channel. Large capital inflows and market sentiment are optimistic. The middle band around 67,963 is a strong support, and a pullback to this level is likely to be supported.

It is recommended to enter a light position when the price retraces to around 69,500–70,000, with a target of 72,000 and a stop loss around 68,500.