(Based on 4-hour trading data)

There is no doubt that the current market trend of BTC is a strong upward trend.

1. Market sentiment and capital inflows

- There has been some inflow in the past 24 hours (673.71 BTC net), and the market continues to have strong buying interest, which is often accompanied by price increases.

- The fear index shows neutral sentiment. The market is not overly panicky or greedy and is still in a relatively healthy state. In the short term, prices will not be affected by excessive fluctuations in sentiment.

2. Technical indicators

- RSI indicator: The current RSI is in the 60-70 range, slightly above the neutral value of 50, indicating upward momentum, but also close to the overbought range (70+). Judging from the 4-hour line, there may be a small correction pressure in the short term.

- MACD indicator: Although the DIF line crosses the DEA line to form a golden cross, the gap is not large, so we need to pay close attention to the changes in market momentum.

- Moving Average EMA (7, 25, 99): The 7-period moving average and the 25-period moving average have recently crossed upward, indicating that the price has strong support in the short term and the upward trend is obvious. The upward movement of the 99-period moving average further strengthens this long-term support.

3. Hotspot Impact

- US political hotspots such as Trump's lead in the polls may lead to increased market expectations for fluctuations in the US dollar index, and Bitcoin, as an asset to hedge against the depreciation of the US dollar, will be firmly chosen by more investors in the short term.

4. Trading strategy suggestions

- Short-term trading: Given the current clear upward trend, you can consider continuing to hold long orders within the current price range ($68,100 - $69,500). If the price breaks through the $70,000 mark, it is recommended to set a take-profit point at around $71,500.

- Buy on pullback strategy: If there is a pullback and the price drops to the $66,000-$67,500 range, consider adding positions in batches. This range provides strong support, especially near EMA (25) and EMA (99).

- Stop loss suggestion: To prevent sudden downside risk, it is recommended to set the stop loss below $65,000 to prevent a rapid price reversal.

5. Medium to long term outlook

- Judging from the net inflow of funds in the market and technical indicators, BTC has the opportunity to hit above $70,000 in the next few days. However, it is necessary to pay close attention to changes in the global macroeconomic and US political situation, especially the volatility of assets related to the US dollar.

BTC is currently in a relatively healthy upward cycle, which is suitable for short-term long positions and timely increase positions during pullbacks.

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