Momentum Building Above EMA 200

Bitcoin is currently trading around $69,765, showing strong intraday recovery after bouncing from the $65K–$66K demand zone. The move above EMA 200 ($69,546) on the 1H chart is an important technical shift short-term momentum is turning bullish.

Price is now pressing into the $69.8K–$70K resistance area. A clean breakout and hourly close above $70K could open the path toward $70.7K and potentially higher liquidity pockets. However, if price fails to hold above the EMA 200, we could see a healthy pullback toward $68.3K support before continuation.

Overall structure looks constructive. Bulls are slowly taking control but confirmation above $70K is key.$BTC

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