Observing the latest daily chart, it can be seen that BTC is consolidating at a high level above $4700 after a surge. The current market focus is on the key support level of $4700. If the price can stabilize and oscillate within this range, it is very likely to break upwards again in the future; therefore, the overall trend still maintains a bullish view.

From a technical perspective, around $4700 is an important support level. If BTC can stabilize at this position, it will lay the foundation for subsequent gains. Investors should closely monitor the performance in this price range, as it may become a key indicator for judging short-term trends.

For trading strategies, it is recommended that investors consider establishing long positions when BTC pulls back to around $4700. If the market develops as expected, the next target range may be between $4800 and $4900. However, investors should also be wary of market risks and set reasonable stop-loss levels to protect their capital.

It is worth noting that the cryptocurrency market is highly volatile, and investors should conduct thorough research and risk assessment before making any decisions. At the same time, it is important to pay attention to changes in the macroeconomic environment and regulatory policies, as these factors can significantly impact the BTC price.