On the 4-hour chart, the Bollinger Bands have shifted from contraction to expansion, with the price steadily rising along the middle band. Currently, it has stabilized above the middle band, and the overall channel is turning upward, gradually opening up more space for upward movement. During pullbacks to the middle band, clear support was observed, confirming the key defensive zone below.



After the short-term moving averages formed a golden cross, they continued to rise, displaying a clear bullish alignment. The cluster of moving averages creates a solid support band, further strengthening the short-term upward foundation. Overall, a bullish pattern has been established.

It is recommended to go long around 70,600 and 70,000, with initial targets at 73,000, and if broken, then aiming for 76,000.
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